APPLICATION OF THE ETHICS CODE AND RULES OF PROFESSIONAL CONDUCT OF ACCOUNTS AND AUDITORS
Journal Title: MEST Journal - Year 2018, Vol 0, Issue 2
Abstract
The basic task of the Accountants and Auditors is to collect, arrange and present the information to the interested parties in form of accounting or audit reports. Reliable and transparent financial reporting, which results in true and fair presentation of the financial performance of companies, is an important determinant of the financial system reliability and stability. The high level of confidence in the quality of information shown in financial statements increases the security of investors, encourages new investments, accelerates the financial and trade flows and increases the efficiency of capital markets and the economy as a whole. Huge financial frauds and financial crisis led to high distrust in the accounting profession. Returning lost credibility is possible only if professional accountants and other participants in the process of financial reporting provide services to the highest ethical requirements. The efforts of the accounting profession are undeniable to respond to the changed requirements of the users of the financial statements, to create a normative basis, the application of which will provide quality financial reporting
Authors and Affiliations
Zoran Todorovic
Keywords
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- EP ID EP507265
- DOI 10.12709/mest.06.06.02.17
- Views 115
- Downloads 0
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