WGU D550 ETHICS FOR ACCOUNTANTS
FINAL PAPER 2026 CODE OF CONDUCT
AND COMPLIANCE FULL ANSWERS AND
CASE INSIGHT
◉ Distributive justice
Answer: When people differ over what they believe should be given,
or when decisions have to be made about how benefits and burdens
should be distributed among a group of people.
◉ Procedural justice
Answer: The idea that fairness in the process should resolve
disputes and allocate resources.
◉ Virtue Ethics
Answer: Virtue theory focuses on the person engaging in the act and
the act itself, considering what a well-intentioned person with a
'good' moral character would deem appropriate.
◉ Cardinal virtues
Answer: The four primary virtues: Wisdom, Courage, Temperance,
Justice.
, ◉ Moral Relativism
Answer: The view that morals, which vary from person to person,
are all equally valid and no one's opinion of right and wrong is better
than any others.
◉ Ethical Relativism
Answer: What is right and wrong or good and bad is not absolute
but variable and relative, depending on the person, circumstances,
or social situation.
◉ Cultural relativism
Answer: The belief that morality is relative to the norms of one's
culture, which most ethics reject.
◉ Situation ethics
Answer: Takes principles like virtues and generalizes them so that
an agent can 'make sense' out of one's experience when confronting
ethical dilemmas.
◉ The Public Interest in Accounting
Answer: Regulation is a specific response to the need for certain
standards to be met by members of the profession, with public
interest being the primary obligation of CPAs.
FINAL PAPER 2026 CODE OF CONDUCT
AND COMPLIANCE FULL ANSWERS AND
CASE INSIGHT
◉ Distributive justice
Answer: When people differ over what they believe should be given,
or when decisions have to be made about how benefits and burdens
should be distributed among a group of people.
◉ Procedural justice
Answer: The idea that fairness in the process should resolve
disputes and allocate resources.
◉ Virtue Ethics
Answer: Virtue theory focuses on the person engaging in the act and
the act itself, considering what a well-intentioned person with a
'good' moral character would deem appropriate.
◉ Cardinal virtues
Answer: The four primary virtues: Wisdom, Courage, Temperance,
Justice.
, ◉ Moral Relativism
Answer: The view that morals, which vary from person to person,
are all equally valid and no one's opinion of right and wrong is better
than any others.
◉ Ethical Relativism
Answer: What is right and wrong or good and bad is not absolute
but variable and relative, depending on the person, circumstances,
or social situation.
◉ Cultural relativism
Answer: The belief that morality is relative to the norms of one's
culture, which most ethics reject.
◉ Situation ethics
Answer: Takes principles like virtues and generalizes them so that
an agent can 'make sense' out of one's experience when confronting
ethical dilemmas.
◉ The Public Interest in Accounting
Answer: Regulation is a specific response to the need for certain
standards to be met by members of the profession, with public
interest being the primary obligation of CPAs.
