In the fourth step, each alternative course of action is identified. For example, if stock market rules are involved in the decision, then these will be a relevant factor to consider in this step. In this last context, professional codes of ethics or the social expectations of the profession are taken to be the norms, principles, and values. This involves placing the decision in its social, ethical, and, in some cases, professional behaviour context. The third step is an identification of the norms, principles, and values related to the case. This involves examining the facts of the case and asking what ethical issues are at stake. Step 2 is to identify the ethical issues in the case. While perhaps obvious, this step means that when the decision-making process starts, there is no ambiguity about what is under consideration. The model begins, at Step 1, by establishing the facts of the case. In the report, they suggest a logical, seven-step process for decision making, which takes ethical issues into account. The American Accounting Association (AAA) model comes from a report for the AAA written by Langenderfer and Rockness in 1990. The American Accounting Association (AAA) model An introduction to professional insights.Virtual classroom support for learning partners.Becoming an ACCA Approved Learning Partner.
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