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According to Klein (2016), making ethical decisions between ethical absolutism and ethical relativism can lead...

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Accounting

According to Klein (2016), making ethical decisions between ethical absolutism and ethical relativism can lead to different outcomes. How can moral reasoning of a specific situation differ based on absolutism or relativism theory? Can you provide an illustration or example of an accounting procedure situation that may differ in outcomes based on absolutism or relativism beliefs? Can ethical relativism be a more suitable ethical standard to adhere and operate from within a global IFRS environment? Why or why not?

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