Question

Ethical dilemmas generally involve situations in which the welfare of one or more individuals is affected by another's decision?

1) Welfare of one or more individuals is affected by another's decision.
2) AICPA has established 'rulings' prohibiting conflicts of interest.
3) Individual involved must make a decision that affects continuation of an ethical approach.
4) The IIA Code of Conduct has recently been modified.

Answer 1

Ethical dilemmas involve situations where the welfare of individuals is impacted by the decisions of others. Professional organizations have established guidelines to address conflicts of interest and promote ethical decision-making.

Step-by-step explanation:

Ethical dilemmas generally involve situations in which the welfare of one or more individuals is affected by another's decision.

1. One characteristic of ethical dilemmas is that the welfare of one or more individuals is affected by another's decision.
2. The AICPA has established 'rulings' prohibiting conflicts of interest, which is an example of a code of conduct that addresses ethical dilemmas.
3. In an ethical dilemma, the individual involved must make a decision that affects the continuation of an ethical approach.
4. The IIA Code of Conduct has recently been modified, which is another example of a code of conduct that addresses ethical dilemmas.

Therefore, ethical dilemmas involve situations where the welfare of individuals is impacted by the decisions of others, and various professional organizations have established guidelines to address conflicts of interest and promote ethical decision-making.