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Ethical dilemmas
are situations where two ethical values or requirements seem to be incompatible. 
They can also arise where two conflicting demands or obligations are placed on an individual. 

 
A 
conflict of interest
arises where an individual has a duty to two or more parties. While working, 
information or other matters may arise that mean they cannot continue work for one party without 
harming another. 

 
Ethical conflicts 
may arise from: 

Pressure from an overbearing colleague or from family or friends 

Members asked to act contrary to technical and/or professional standards 

Divided loyalties between colleagues and professional standards 

Publication of misleading information 

Members having to do work beyond their degree of expertise or experience they possess 

Personal relationships with other employees or clients 

Gifts and hospitality being offered 
CHAPTER ROUNDUP 
BPP Tutor Toolkit Copy

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PART F: PROFESSIONAL ETHICS IN ACCOUNTING AND BUSINESS 
 
508
 
 
1
Ethics are a set of ........................................ ........................................ that 
........................................ ........................................
2 
What is the name given to guidance issued (usually by a governing body) to individuals to judge whether 
they are acting ethically in particular circumstances? 
3
List five personal qualities expected of an accountant. 
(a) R........................................
(d) 
C........................................ 
(b) R........................................
(e) 
R........................................ 
(c) T........................................