Ethics

Ethics Process of determining how one should hold the interests of various stakeholders, taking into account moral values/principles.

Ethics involves applying moral principles to decisions affecting stakeholders; in business it supports integrity, objectivity, confidentiality, and responsible professional behavior.

- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.

- Example: Teams reference **Ethics** when defining terms in manuals, policies, or training materials.

- Why it matters: Improves clarity and consistency across documentation and decision-making.