Module One Discussion Question #1 Module One Discussion Question #1 How would you define ethics? What are three factors that might affect good ethical conduct? Please also discuss why confidentiality is an important ethical component of working in the accounting field. There is no need to look for a widely acceptable response. Ethics, in my opinion, are the moral standards that we use to assess our acts and how they affect others. Many ethical standards are generally acknowledged (such as laws prohibiting murder and stealing), yet many others are purely subjective. This moral relativism plays a part in the three aspects that might influence ethical behavior, including one's personal beliefs and aims. Traditional values created by a culture or group, as well as an individual's ability to distinguish between good and evil. Acting in a manner that is compatible with what society and people consider to be desirable values. Ethical behavior requires exhibiting respect for essential moral concepts such as honesty, fairness, equality, dignity, and individual rights, all of which are beneficial to business. Honesty and accountability are two qualities that are important in the workplace. Work ethics essentially boil down to what one does or would do in each scenario. What is right and acceptable, and above board, vs what is improper, underhanded, and under the table, is the begging question in a circumstance. Individual elements such as knowledge, beliefs, personal objectives, morality, and personality may all have an impact on your ethical conduct. The entire corporate culture, which decides whether employees are respected or belittled, and whether stakeholders are regarded with trust or mistrust, has the greatest impact on ethical conduct in the workplace. A company whose rules and choices are based on deeply ingrained ethics will foster a culture in which workers are naturally inclined to act ethically as well. The kind of integrity that underpins an ethical corporate culture can't be taught or manufactured, but it can be contagious and inspirational. Unless the client specifically permits the financial expert to do so, accounting professionals should not reveal, publish, or distribute sensitive information received via a business connection to third parties. Individuals who are not explicitly allowed to receive the data for a valid reason should not have access to it. Confidentiality protects a firm from its rivals, supports its attempts to preserve a competitive edge, and prohibits intrusions into its private. This does not apply to the statutory responsibility to divulge