Ethics and Confidentiality
Ethics can be defined as moral principles that govern the conduct or behavior of individuals. They refer to what is morally right or wrong. Three factors influencing good ethical conduct are values, legislation, and referent others. Regarding values, good ethical conduct can be influenced by one’s values, shaping what one thinks is right or wrong. When good ethical conduct contradicts one’s values, the individual will likely hold firm to the values and go astray for good ethical conduct. On the part of the legislation, the rules and regulations governing a country can influence one’s perception of right or wrong and thus shape their behavior. Finally, influential people considered to be reference points by others can influence the behavior displayed by others, whereby people can stop following what they think is right or wrong and copy their references. Such influential people can lead to abandoning what is ethically acceptable in society.
Confidentiality is considered an important ethical component of working in the accounting field because, in the field, there is confidential information that should not be disclosed to external parties. The accounting field has established confidentiality as one of its guiding principles to restrain accountants from disclosing a company’s confidential information or using an organization’s confidential information obtained from their professional activities (Cohen et al. 24). When confidentiality is maintained as an ethical component, and it makes it easier for people in the accounting field to protect information about where they work. Like in real-life situations, the confidentiality of personal information is an important aspect that should be respected and protected. Essentially, this translates to making confidentiality an essential ethical component in the accounting field.
Work Cited
Cohen, Jeffrey R., et al. “An analysis of glass ceiling perceptions in the accounting profession.” Journal of Business Ethics 164.1 (2020): 17-38.
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Question 
Ethics and Confidentiality
Module One Discussion Question #1
The goal of this course discussion is to apply what you have learned after reading the chapter material and reviewing the PowerPoint
Presentations. Keep in mind that this discussion question will help prepare you for homework and future assessments, so it is important that you understand the
information and actively participate in discussions. You may also have to conduct research outside of course-provided material to supplement your learning and enhance your understanding.
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.