Professionalism and ethics in the accountancy and auditing professions
Author:
Mircea LAZĂR, ACCA
JEL:
DOI:
Keywords:
profession, professionalism, professional judgement, self-regulation, reputation, reform, audit committee, ethics, attitude
Abstract:
This article is about the professionalism and ethics within the accounting and audit profession.\r\nThe professionalism and ethics of the accountants and auditors can be analyzed on different levels of the business environment: at macro level (the impact had by the regulatory environment on the financial profession), at company level (the manner in which the corporative culture, the companies` structure and organization can affect the professionalism and ethics of the accountants and auditors) and at micro level (ethic sensibility, judgment, motivation, behavior developed in the early stages of the training of the future professionals).\r\nThe senior accountants and auditors are expected to develop and sustain an ethical culture within their organization or department.\r\nThe professional accountant and auditor must avoid all situations and circumstances which might lead lack of professionalism and unethical behavior.\r\nWorking together, accountants, auditors and trainers, of the future generations of financial professionals, they can develop the profession and achieve higher levels of professionalism and ethics.\r\nThe article represents the communication made during the professional seminar in Pitesti, "Approaches of the Financial Audit in 2007" (December 8, 2007).\r\n