Three. Ethical Behavior in Accounting: Ethical Theory

  1. Ronald Duska1,
  2. Brenda Shay Duska2 and
  3. Julie Ragatz1

Published Online: 20 APR 2011

DOI: 10.1002/9781444395907.ch3

Accounting Ethics, Second Edition

Accounting Ethics, Second Edition

How to Cite

Duska, R., Duska, B. S. and Ragatz, J. (2011) Ethical Behavior in Accounting: Ethical Theory, in Accounting Ethics, Second Edition, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444395907.ch3

Author Information

  1. 1

    The Center for Ethics in Financial Services, The American College, USA

  2. 2

    Del Pizzo & Associates, USA

Publication History

  1. Published Online: 20 APR 2011
  2. Published Print: 11 MAR 2011

Book Series:

  1. Foundations of Business Ethics

Book Series Editors:

  1. W. Michael Hoffman and
  2. Robert E. Frederick

ISBN Information

Print ISBN: 9781405196130

Online ISBN: 9781444395907



  • ethical behavior in accounting - ethical theory;
  • dilemmas, and nature of ethical theories - contemporary ethical theories and ultimate principles;
  • egoism and utilitarianism, an action - ethically acceptable, and action's consequences;
  • principle of egoism, individuals to act - in their own self-interest, inherently unethical;
  • selfishness and self-interest, and differences - problems arising, one's own interests at the expense of others;
  • egoism, incompatible with business activities - agent or fiduciary for another;
  • principal maxim of utilitarianism - best expressed by John Stuart Mill;
  • problem of utilitarianism - deciding on what counts as “the good”;
  • Kant and deontology - deontologist from Greek word “deontos,” meaning “what must be done”;
  • virtue ethics - ethics of virtue or character


This chapter contains sections titled:

  • Egoism

  • Utilitarianism

  • Kant and Deontology

  • Deontological Ethics

  • The First Formula of the Categorical Imperative

  • The Second Formula of the Categorical Imperative

  • Virtue Ethics