Ethics and business: impact in the field of accounting profession

Abstract

Ethics was defined as "the science that deals with the study of moral principles” or better said “the science that includes all the norms of moral conduct corresponding to a certain class or society”. If we are getting more deeply into the essence of this topic, we realize that ethics can be “risky” because it can easily generate conflicts, often at the individual level. This aspect comes from the fact that the society does not understand the values of a healthy ethical attitude. Only the adoption of a healthy ethical attitude can reveal the very essence of a civilized society. The objective of the paper consists in analysis of ethical principles applied to accountants in light of the new code of ethics. Ethics is the foundation on which all our relationships are built, including our way of relating to employers, employees, subordinates, colleagues, customers and suppliers. Ethics does not refer to the connections we have with third parties, but to the quality of these connections. This approach allows a better understanding of how ethics and morality influences the business environment, especially the accounting field. The new version of the code places greater emphasis on the independence of professional accountants to build confidence in the services they provide.