Unformatted text preview: System (FARS), that include most of the accounting standards. C1-12 The steps that I would take to address this ethical delima are to use the multi step process combining the three ethical models. The utilitarian model evaluates actions based on the greatest good for the greatest number, the rights model adopts the actions that protect individual rights, and the justice model emphasizes a fair distribution of benefits and burdens. I would then take overwhelming factors into consideration before deciding on what action to take while basing my decision on a fair evaluation of the applicable ethical criteria ....
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- Winter '10
- Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Financial Accounting Standards Board, accepted accounting principles, financial accounting standards, applicable ethical criteria