Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris

Exercise 8

Your best friend is from another country outside the U.S.  One day after a particularly stimulating lecture on the meaning of ethics by your instructor, you and your friend disagree about whether culture plays a role in ethical behavior.  You state that good ethics are good ethics and it doesn’t matter where you live and work.  Your friend tells you that in her country it is common to pay bribes to gain favor with important people. Comment on both positions. What do you believe?

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Ethics:

Ethics in the accounting profession is defined as guidelines and principles. It includes laws and standards of behavior.