AFM311 Chapter Notes - Chapter 1: Categorical Imperative, Relativism, Egotism

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM311
• Professor: Krista Fiolleau

Document Summary

Blind spots: are the gaps between who you want to be and the person you actually are. Integrity: is a fundamental trait of character that enables a cpa to withstand client and competitive pressures that might otherwise lead to the subordination of judgement. Means that person acts on principal and public interest. Golden rule: do unto others as you w ould wish them to do unto you. Integrity is the key to carrying out the golden rule. Ethics: the field of inquiry that concerns the actions of people in situations where these actions have effects on the welfare of both oneself and others. Involves develo ping, defending, and recommending concepts of right and wrong behaviour. Ethics vs morals: ethics refer to rules provided by an external source, while morals refer to an individual"s own internal principles of right and wrong and may be influenced by religion or culture.