All of the following are steps in analyzing ethics cases in financial reporting except
A) identify and analyze the principle elements in the situation.
B) contact law enforcement regarding any violations of corporate ethics codes
C) identify the alternatives and weigh the impact of each alternative on various stakeholders.
D) recognize an ethical situation and the ethical issues involved.

Question

Quizplus · Accepted Answer

Contacting law enforcement may not always be necessary or appropriate in analyzing ethics cases in financial reporting. The other three steps listed (identifying and analyzing principle elements, identifying alternatives and weighing their impact, and recognizing ethical situations and issues) are all important steps in analyzing ethics cases.

All of the Following Are Steps in Analyzing Ethics Cases