By happiness it is intended pleasure, and the absence of pain; by unhappiness, pain and the privation of pleasure." (Philosophical Classics, 2010. P.946).

This approach has been experienced a lot within the accounting fraternity. The actions of the accountant can be weighed to be right or wrong depending on the amount of pleasure they bring or otherwise. This approach helps in the quest for pleasure and the well being of each member of the community.

The utilitarian theory therefore is a pointer that the qualifications that are to be met or instituted within the accounting field by the AICPA are or should aim at being for the good of the clients and the firms as well as the practitioners for the eventual good of the accounting fraternity.

Bearing the sensitivity of the accounting field, the proneness to malpractice and the various abuses that can come up when loopholes are discovered,...
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