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Ethics
(redirected from Ethical standard)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Ethics
Standards of conduct or moral judgment.

Ethics
The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.


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organizational values, and a model of ethics for public administrators that emphasizes a process approach, in which individuals decide on the appropriate content of ethical standards.
In testimony before the House Ways and Means Oversight Subcommittee and in a news release, Shulman said he would propose to the White House and Treasury Department a comprehensive set of recommendations with the goals of ensuring high ethical standards of conduct for tax preparers and greater taxpayer compliance.
Such values provide the key to synchronizing them with ethical standard setting and institutional reform.
 
 
 
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