The American Accounting Association Ethical Decision-Making Model:

(a) Has strong elements of consequentialism.

(b) Includes the rights-and-duties approach.

(c) Requires the decision maker’s own primary principles or values.

(d) All of the above.

Questions 25–28 are about a fictitious shoe manufacturing company, Stylish Shoes, and the audit performed by the fictitious audit firm Ethical Auditors, Inc.

Ethical Auditors is on a tight deadline to finish the audit of Stylish Shoes soon after its financial year end. Despite the deadline, Lucas Cypher, CPA, leaves work surreptitiously to take his daughter to dance class. He tells his coworker, Eva Numeral, CPA, that he will be back in an hour. The managing partner asks Eva where Lucas is. Eva reflects carefully before she answers the managing partner.