The need for Ethics in Audit

Author:Assistant, PhD student Andreea Paula DUMITRU

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Keywords:code of professional conduct, ethical behaviors, ethical dilemma, ethical framework

Abstract:
Together with markets and business globalization and their openness to the analysis at the international level, the professional ethics in the companies gets more importance.\r\nThe current economic environment is, no doubt, different to that of 20 years ago. At the end of 70’s when IACPA/AICPA and most accounting professional state organizations decided to change their code of ethics in order to allow a more direct approach of the clients, the accounting professionals found themselves in a business climate with more competition than ever before.\r\nThe Code of ethics requires the professionals to respect ethical and technical norms of the profession, to have a sustained effort for the continuous improvement of the services competency and quality and to perform their professional responsibilities at the highest level for every individual”.\r\n

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