3 Key Principles Related to Informed Consent

The three key principles related to informed consent are adequate disclosure of information,
decision-making capacity and voluntariness of the participants. Under adequate disclosure of
information, participants should know the purpose of the study, potential risks and benefits. In
decision-making capacity the participants are mature enough and can fully understand,
appreciate and have freedom of choice. Last principle is voluntariness of the participants, it
means being able to make a choice without coercion and undue influence.

2 Applications/Examples of the Principles Mentioned Above in Accounting Research

(select only two, not two for each principle)

When conducting a research about let’s say accounting and taxation of a certain company. The
participants should be voluntary meaning the willingness to participate in the research study is
their own choice. There is no outside force dictating them to join the study. While in the
decision-making capacity of the participants joining a research study. The informed consent of
the company should be discussed and cognitively understood, because potential risks and
benefits are at stake.

1 Key and Major Takeaway About Informed Consent

The one key and major takeaway about informed consent is the principle of respect
for the participants joining the study. Give them the privilege of valid informed
consent. Follow the rules of “Do no harm” .