Professional Ethics – NBC Institute

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

Question

b. An adequate understanding of basic concepts and theories of ethics is a prerequisite for the evolution of the skills needed to address ethical issues that could arise while carrying out your duty as a professional accountant. Distinguish between ethical absolutism and ethical relativism. Also, identify THREE types of ethical relativism. (10 Marks)

Answer

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Tags: Business Ethics, Ethical Absolutism, Ethical Relativism, Professional Ethics
Level: Level 2

Topic: Ethics in Business, Professional Ethics
Series: MAR/JULY 2020

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

Question

There are several models (out of which FOUR are more essential) for a professional accountant–client relationship which differ in the extent to which the client or the professional has authority and responsibility.

Required:
Explain the FOUR essential models for a professional accountant–client relationship with examples. (Total 20 Marks)

Answer

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Tags: Client Relationships, Models, Professional Ethics
Level: Level 2

Topic: Client Relationships, Professional Ethics
Series: MAR/JULY 2020

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

Question

At an inaugural lecture, a professor stated that ‘professionals all over the world should be alive to their duties and not breach the ethics of their profession’. As a professional, you attended the inaugural lecture and you are aware that The Institute of Chartered Accountants of Nigeria (ICAN) has “Accuracy and Integrity” on its logo, and you also know that professionals should not act contrary to ethical standards and public interest in discharging their duties.

Required:</strong >
Explain the following:
(a) Professional ethics. (2 Marks)
(b) Importance of professional ethics. (5 Marks)
(c) Differences between rule-based and principle-based professional ethics. (3 Marks)
(d) Weaknesses of rule-based professional ethics. (4 Marks)
(e) Advantages of principle-based professional ethics. (6 Marks)
(Total 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethical Decision-making, Ethical Standards, Principle-based Ethics, Professional Ethics, Rule-based Ethics
Level: Level 2

Topic: Ethical Standards, Professional Ethics, Rule-based vs Principle-based Ethics
Series: MAR/JULY 2020

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Ethical Absolutism, Ethical Relativism, Professional Ethics
Level: Level 2

Topic: Ethics in Business, Professional Ethics
Series: MAR/JULY 2020

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Client Relationships, Models, Professional Ethics
Level: Level 2

Topic: Client Relationships, Professional Ethics
Series: MAR/JULY 2020

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethical Decision-making, Ethical Standards, Principle-based Ethics, Professional Ethics, Rule-based Ethics
Level: Level 2

Topic: Ethical Standards, Professional Ethics, Rule-based vs Principle-based Ethics
Series: MAR/JULY 2020

Topic: Professional Ethics

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CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

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CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

You're reporting an error for "CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting"

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

You're reporting an error for "CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits"

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

You're reporting an error for "AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards"

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

You're reporting an error for "CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting"

CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits

Explain the four essential models for the professional accountant-client relationship with examples.

You're reporting an error for "CSME – Mar/Jul 2020 – L2 – Q6 – Board Diversity Categories and Benefits"

AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards

Explains the concept of professional ethics, its importance, and the differences between rule-based and principle-based ethics, highlighting their advantages and weaknesses.

You're reporting an error for "AA – Mar/Jul 2020 – L2 – Q2 – Professional Ethics and ICAN’s Ethical Standards"

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