19THE ROLE OF PRACTICAL WISDOM IN ACCOUNTING ETHICS EDUCATION

Steven M. Mintz and William F. Miller

Introduction

What is practical wisdom, and what role should it play in the ethics education of accounting students? This is an important question because wisdom gained informs professional judgment in accounting. The objectives of this chapter are to explain how practical wisdom comes about through developing moral skill and moral will, its relationship to Rest’s Model of Moral Development (moral sensitivity, moral judgment, moral motivation, and moral action) and its usefulness in making professional accounting judgments. We also discuss the link between practical wisdom and ethical decision making in accounting in the context of the public ...

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