The golfer has penned a new essay for Newsweek in which he acknowledges that he abandoned the moral code that his father instilled in him from an early age.
"Last November, everything I thought I knew about myself changed abruptly, and what others perceived about me shifted, too," he said.
The star continued: "I had been conducting my personal life in an artificial way - as if detached from the values my upbringing had taught, and that I should have embraced."
Woods insisted that time has given him the chance to reflect on his past mistakes.
"The physical pain from that car accident has long healed. But the pain in my soul is more complex and unsettling; it has been far more difficult to ease - and to understand. But this much is obvious now: my life was out of balance, and my priorities were out of order.
"I made terrible choices and repeated mistakes. I hurt the people whom I loved the most. And even beyond accepting the consequences and responsibility, there is the ongoing struggle to learn from my failings."
The athlete also revealed that he considers his greatest reward to be spending time with his two young sons, Charlie and Sam.
He explained: "Slowly, I'm regaining the balance that I'd lost. My healing process is far from complete, but I am beginning to appreciate things I had overlooked before."
Woods and estranged wife Elin Nordegren announced earlier this year that they plan to divorce.