Professional Ethics and Dilemmas of Accounts & Finance Professionals. Ethics play an important role for Finance & Accounting Professionals, with all professional bodies requiring its members to be bound by Code of Ethics. 1. Identify any 4 Ethical Dilemmas which Accountants or Financial Professional might face and explain them briefly, 2. Explain the above 4 Ethical Dilemmas by creating your own hypothetical scenarios / examples. 3. For any 2 (out of the 4 Ethical Dilemmas), suggest how the Accountant/Finance Professional should act and behave