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

Exercise 15

Former associate justice of the U.S. Supreme Court, Potter Stewart (1915-1985), said: “Fairness is what justice really is.”  How would you interpret this statement in the context of business decision-making?

Step 1 of 2

Ethics:

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

Fairness:

Fairness involves allowing everyone an equal opportunity to succeed. It is a judgment-free from discrimination and lack of favoritism one person above another.