As a Professional Accountant, you are regarded as an expert with specialized knowledge acting ethically and influencing others to do what is right whilst working to very high standards. When confronted with an ethical challenge or dilemma in a corporate setting, Lynne Paine suggests two approaches to the management of ethical issues in organizations - the compliance based approach and the integrity based approach.

Required:

Compare and contrast the compliance based approach and the integrity based approach in the management of ethical issues