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

Exercise 6

In this chapter we discuss how John Edwards ruined his reputation by having an affair, covering it up, and then not admitting to fathering a child out of wedlock. Shortly after the Edwards disclosure, the public was stunned to find out that one of its most celebrated sports heroes – Tiger Woods – had also engaged in extra marital affairs. Do you think Tiger should be forgiven by the public for his transgressions? What about sponsors such as Nike? Should they drop Tiger and others who violate societal standards from their role as endorsers of products?

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Ethics:

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