The Ethics of Accounting

Abstract

The calculation of accounting is used to ascertain the profitability of monetary transactions, the credibility of partners and the financial stability of the enterprise, being crucial for providing accurate, reliable and timely financial information for decision-making, regulatory compliance and external reporting purposes. Therefore, ethics plays a crucial role in the field of accounting, influencing the integrity, transparency, and trustworthiness of economic data. This article explores the significance of ethics in accounting and the broader social responsibility incumbent upon accountants. By examining ethical principles and dilemmas faced by accountants in various contexts, the study highlights the ethical considerations that guide professional conduct. Furthermore, it investigates the societal implications of ethical lapses within the accounting profession, emphasizing the importance of upholding ethical standards to protect stakeholders’ interests and maintain public trust. Through a comprehensive analysis, this article aims to underscore the imperative for accountants to prioritize ethical behaviour and fulfil their social responsibility in promoting financial integrity and accountability. CZU: 174:[657:331.54]; JEL: M41