Which of the following statements concerning ethics is correct?
A)Ethics is concerned with how we act and how we make decisions.
B)Electronic accounting information systems eliminate the need for ethical behaviour.
C)Professional bodies,such as CPA and ICAA,are placing less reliance on ethics and more on legal compliance.
D)Ethical issues and legal issues are the same.

Question

Quizplus · Accepted Answer

Ethics is the study of moral principles and values and how they guide behavior. It is concerned with how individuals and organizations make decisions and act in situations where values are at stake. Electronic accounting information systems cannot eliminate the need for ethical behavior because ethical choices arise in many contexts, including the use of information technology. Professional bodies like CPA and ICAA place a high emphasis on ethics, and legal compliance is just one aspect of ethical behavior. Ethical issues and legal issues are not the same; ethical issues involve questions of right and wrong, while legal issues involve questions of law and regulation.

Which of the Following Statements Concerning Ethics Is Correct