The chosen approach is teleological ethics, which is also known as consequential ethics. This ethical framework is concerned with the action's consequences as the primary focus (Baumane-Vitolina et al., 2015). The judgment of whether an action is right is often determined by the consequences of their actions. If an action results in the desired outcome, then it is right, and if it results in an undesired outcome, then it is wrong. The features of this framework are independently identifying the good acts, balancing the feelings of every individual regardless of the differences, and classifying the good acts, which results in the maximum possible good.
This framework is the best to handle the issue of the embezzling accountant since it helps an individual determine the action that will result in the maximum good. It is based on logic and reason rather than consciousness. Its features (mentioned above) help individuals make the best choice. In identifying the good act, it means that when an individual decides to report funds embezzlement, the outcome of reporting this issue will result in maximum good (Britannica, 2008). Additionally, it balances the feelings of individuals as if an action is characterized as good; it is good in the eye of everybody. Finally, it helps individuals make choices based on the outcome of the decision. Therefore, if reporting a theft results in the best outcome for the company, then the action is good and vice versa. Therefore, this framework helps individuals make decisions that are not only good for them but good for everyone.
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Applying teleological ethics in determining if an action is good or bad results in better outcomes and satisfaction for all parties involved. Based on the ethical framework, the action that is characterized as good results in maximum good and balances the emotions of everyone. Therefore, if the outcomes of an action are good in the eyes of all involved parties, then everyone is satisfied.
References
Baumane-Vitolina, I., Cals, I., & Sumilo, E. (2015). Is ethics rational? Teleological, deontological and virtue ethics theories reconciled in the context of traditional economic decision making. Procedia Economics and Finance, 39 (2016), 108-114.
Editors (Encyclopedia Britannica). (2008). Teleological Ethics. Encyclopedia Britannica. https://www.britannica.com/topic/teleological-ethics
