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
Related Articles
- EP ID EP507265
- DOI 10.12709/mest.06.06.02.17
- Views 112
- Downloads 0
THE HSR AS AN INNOVATIVE AND ECOLOGICAL MODE OF TRANSPORT
High-speed rails (HSR) connects major cities in developed countries, as listed in the table below. Internationally HSR is developed only in Europe, aiming at the use of trans-European transport network (TEN-T) to link al...
INTERNET OF THINGS AND THE MAN-IN-THE-MIDDLE ATTACKS – SECURITY AND ECONOMIC RISKS
This paper presents some aspects of the Internet of Things (IoT) and attacks to which IoT may be exposed, above all, the man-in-the-middle (MITM) attack. After a short introduction, which describes the essence of the IoT...
ECONOMIC EFFECTS OF DYNAMICS IN MIGRATION PROCESSES
Considerable interstate movements of the labor force are taking place in nowadays world economy due to the reasons of economic and non-economic character. It makes the governments all over the world find mechanisms and t...
MANAGING RENEWABLE ENERGY PROJECTS INCLUDING RISK ANALYSIS
The paper makes deep insight into project management and risk analysis of renewable energy sources (RES). This approach could be very helpful in the organizational and managerial approach for project success and investme...
PROFIT MANAGEMENT OF BUILDING ORGANIZATIONS BASED ON THE AUTHORIAL BREAK-EVEN CONCEPT
An algorithm of profits control of construction companies is developed, it allows constantly and consistently to manage the process, to measure the progress of the process results, to monitor the achievement of these goa...