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8 pages/≈2200 words
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Accounting, Finance, SPSS
English (U.S.)
MS Word
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Accounting Ethics Systems: Deontology and Utilitarianism (Essay Sample)


Research the 2 major ethics systems proposed for the accounting profession—deontology and utilitarianism.
1) Describe in detail both ethics systems.
2) Evaluate each system with respect to the following:
---Organizational culture of the accounting profession
---AICPA Code of Professional Conduct
3) Present logical and thorough arguments, supported by scholarly sources, textbooks and course presentations, and the AICPA Code of Professional Conduct to defend the ethics system you believe is most appropriate for the accounting profession.


Utilitarianism and Deontology in the Accounting Profession
Utilitarianism and Deontology in the Accounting Profession
The accounting profession forms an integral part of any business organization as it deals with the management of finances necessary for running or rather maintaining a particular business entity. As such, the professionals should embrace and exhibit good moral and ethical behavior in their duties for personal development in their respective departments. With respect to the importance of the accounting services to any business organization coupled with the recognition of the numerous ethical dilemmas facing the accountants, it is imperative to analyze the ethical belief systems employed by the profession in its entirety. An accounting organization or firm may operate through the utilitarian ethical theory or the deontological belief system as guidelines for their ethical and moral conduct in executing their accounting operations. A descriptive analysis of the two belief systems based on their efficacy in delivering on both the organization’s cultural demands and meeting the stipulations AICPA Code of Professional Conduct facilitates the recommendation of the most appropriate or efficient ethical belief system for accountancy.
Ethics in Business
The business code of ethics or the ethical code of conduct as it is also known often outlines the ethical or moral platform upon which the organization operates and that further demands the compliance or adherence to the stipulated guidelines by all the covered personnel in carrying out their diverse duties (Klein, 2015). 

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