24 Jun EXPLAIN WHY GOOD ACCOUNTING AND AUDITING PROFESSIONALS GO BAD BECAUSE OF SELF-SERVING BIASES.
Company A, an accounting firm, plans a series of short seminars to educate and train the accountants and auditors on applying ethical reasoning when ethical dilemmas arise. In preparation for a board meeting, discuss the following topics and issues:
Define ethics, and explain why and how unethical actions occur. Cite examples.
Explain why good accounting and auditing professionals go bad because of self-serving biases.
Explain the influence of ethical principles and values in the processes of ethical decision making. Cite examples.
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