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Resolving Ethical Dilemmas in Financial Audit

Author

Listed:
  • Professor PhD Turlea Eugeniu
  • PhD Student Mocanu Mihaela

    () (Academy of Economic Studies Bucharest)

Abstract

Resolving ethical dilemmas is a difficult endeavor in any field and financial auditing makes no exception. Ethical dilemmas are complex situations which derive from a conflict and in which a decision among several alternatives is needed. Ethical dilemmas are common in the work of the financial auditor, whose mission is to serve the interests of the public at large, not those of the auditee’s managers who mandate him/her. The objective of the present paper is to offer support in resolving ethical dilemmas in financial audit. Methodologically, the paper applies an innovative moral reasoning framework – the Potter box – to a scenario frequently encountered in financial audit. Authors conclude that the Potter box can be a useful tool for both professionals and academicians in thoroughly investigating ethical decisions already made or in analyzing alternative courses of action.

Suggested Citation

  • Professor PhD Turlea Eugeniu & PhD Student Mocanu Mihaela, 2010. "Resolving Ethical Dilemmas in Financial Audit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1871-1876, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1871-1876
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumatemai2010.pdf
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    References listed on IDEAS

    as
    1. Grigorescu, Adriana, 2009. "Renewal marketing management in public and business organizations," MPRA Paper 25128, University Library of Munich, Germany.
    2. Nicolae Al. Pop & Anca-Daniela Vl?doi, 2009. "The marketer-a complex specialist, a man of concept, decision and action," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(25), pages 9-20, February.
    3. Kaplan, Andreas M. & Haenlein, Michael, 2009. "The increasing importance of public marketing: Explanations, applications and limits of marketing within public administration," European Management Journal, Elsevier, vol. 27(3), pages 197-212, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    financial audit; dilemmas; decisionmaking process.;

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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