Culture and Deontology - Benchmarks in the Accounting Proffesion and Bussiness

Author:Univ. Prof. Emil HOROMNEA, Ph. D.

JEL:M41, M42

DOI:

Keywords:audit, accounting profession, deontology, morality, culture, financial crisis

Abstract:
After approaching some fundamental benchmarks in the ethics of business, the author inventories the main issues and challenges which the accounting profession is confronting with. The need to universalize in this area, target met through the processes of normalization, harmonization and convergence is underlined. \r\nThe social command claims for intelligible, relevant, pertinent and neutral information. As arbiter of the dispute among different users present on the information marketplace, the auditor plays a fundamental part. He expresses and validates in a formalized language the economic truth materialized in the faithful image, essential premise for the credibility of business. In author`s conception, credibility represents a sine-qua-non condition for any investment. \r\nThe study makes a direct connection between culture, deontology, ethics and morality, regarded as benchmarks in the accounting proffesion and bussines. The author calls for numerous arguments that derive firstly from the fact that between accounting objectives and deontology of business exist strong interdependencies.\r\n

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