Ethics in accounting and auditing

Abstract

Accounting and auditing professions deal with the most critical issues relative to individuals i.e. property. Accountants are as same as physicians in which trust has a major role in their profession. Client’s mistrust is destructive to accounting systems and profession. Main matter in the field of accounting is exclusive benefit of CPAs‘s legal auditing as well as ability to respond which is the requirements of unique advantage. Profession is protected proprietary advantage through its superior characteristics such as independence, integrity and protecting public interest. The relationship between characteristics and professional behavior is main criticisms against profession. Major accounting errors as well as unusual and exceptional errors, causing losses to investors and is outside of moral assumptions. However, the focus of professional behavior and code of conduct in the audit is moral decisions making which should not be considered simple and insignificant. Audit firm should confront with illegal activities considering auditing professional code of conduct. The firm also should abide by its legal obligations to protect the reputation of the recently conducted Research in the accountants and auditors professional code of conduct, concentrated on accretion understanding and acceptance of accepted professional ethics. Unethical behavior Continuation showed that ethical principles are more important than technical rules in professional accounting and auditing. Thus, ethics got more attention and the International Federation of Accountants gives the committee mission to provide the Code of Professional Conduct. Committee developed the first Code of professional conduct of accountants in 1996, to be used as a model of ethical guidelines.