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Consider the famous philosopher Friedrich Nietzsche’s thoughts on what’s right versus what’s wrong: Nietzsche, unlike the philosophers referenced in your textbook on page 17 – Exhibit 1.2,” was an obstruse moralist. Nietzsche vehemently questioned by whose standard an act is judged as right or wrong. While provocative, many may argue that Nietzsche’s perspective is reckless and could result in unethical behaviors that has greater implications for our world.
(a) What are your views on Nietzsche’s perspective? To address this question, examine the six pillars of characters, coupled with a review of Exhibit 1.1 on page 6 entitled “Golden Rule in World Religions;” how do you see deviations from these pillars of character and the golden rules contributing to accounting malpractice? Can an individual who possess limited traits of the six pillars of character also contribute to sound (acceptable) practice of financial accounting, or any profession for that matter?
(b) How might those appointed to leadership roles and who possess limited qualities relating to the six pillars of character contribute to crumbling of public companies, communities, and the financial markets in general – The domino effects?