1. Write a brief definition of “ethics”. 

2. According to the utilitarian tradition, what is the highest priority in making an ethical decision? 

3. Make a brief list of virtues that may support the activities of an accountant. (Consider the types of tasks performed by an accountant and the responsibility to act ethically.) 

4. Explain why the accountant should present high-quality information in financial statements. (Think of who uses these statements and possible consequences of low quality information.) 

5. According to deontological ethics, the person should make ethical decisions that are reasonable and in accordance with “moral principles”. Briefly explain what this means.

6. Explain “relevant information and information that “fairly represents”. 

7. Explain why a stockholder is considered a “stakeholder” when a company's financial statements are prepared. Why a bank may be a stakeholder. Why an assembly line worker may be a stakeholder, a management executive.Could “the general public” be a stakeholder? Explain your answer. 

8. Identify some pressures" and give examples of how they may influence decision making for an accountant.