consequentialist(consequentialist)

Pluralist (pluralist)

Relativism

absolutist

drives increased profitability

It provides a good framework for ethical practices and good corporate governance in organizations Provides a sound framework for ethical practice and corporate governance

It increases stakeholders’ confidence in the organizations

increases employees’ motivation

Consideration of ethics enable the organization to meet employees’ and consumers’ expectations

Provides choices to consumers to purchase from organization that adopt good ethical practices to provide consumers with better choices

It enables individuals, not to blindly accept orders to act in a manner that they personally believe to be unethical. They do not blindly accept orders and have a moral bottom line.

Consult with whoever is responsible for governance or ethics within the organization. Ask the department responsible for supervision within the enterprise.

If problem remains unsolved, the accountant should take legal advice and or advice from their professional body (e.g. ACCA).

If the problem cannot be resolved the accountant should consider reporting to the relevant authority and withdrawing from their engagement. Report and terminate the contract