U6D1 Ethical Theory
Unit 6, Discussion 1: In this course you have encountered many different systems of ethical theory, from the secular to the religious. Explain which ethical theory most closely fits your own personal view of ethics, and why. Summarize the essential ethical norms that you derive from that ethical theory.
The ethical theory that most closely fits my own personal view of ethics is the duty theory or the deontology theory. As ethical decision-making in terms of the accounting process is concerned, the position that the auditor would take in making the critical decision would depend on the position of the obligation that would judge the state of the ethical considerations adherence towards the required moral actions. For example, the rules that are applied according to the ethical standards would make me report the person in authority if any would do unethical work while not remain blind from my position. The actions are not significant according to this theory of duty or the obligation whereas the consequences are most important which would decide the positive or the negative outcome. The duty theory must not be confused with the obligation in terms of the knowledge of the right deeds or wrong deeds. Let us suppose that my friend knows about the manufacturing company is using the unethical or wrong processes, but he does not execute the duty or obligation theory of moral practices to whistle blow. The duty theory is actually the implementation of the obligation against all the unethical practices as a part of the philosophical concepts along with the cultural thought process. The professional approach must take into the context in terms of the deontic authority especially the interaction of the employer with the employees is the best example in this regard.
Vilcox, M. W. (2007). Contemporary Issues in Business Ethics. Nova Publishers.