Current Interpretation of Professional Ethical Requirements to Accountants and Auditors

• Natalya A. Mislavskaya, Svetlana N. Polenova, Lyudmila V. Sotnikova, Natalya D. Brovkina, Marina N. Ermakova Department of Accounting, Analysis and Audit, FSBU of HE Financial University under the Government of the Russian Federation, Moscow, Russian Federation
• Evgeniya E. Lyalkova, Irina O. Yurasova Department of Accounting, Analysis and Audit, FSBU of HE "Financial University under the Government of the Russian Federation", Moscow, Russian Federation

Palabras clave: Code of Professional Ethics, Honesty, Objectivity

Resumen

The research objective was to analyze the requirements to professional ethical conduct of accountants. The data analysis stage comprised deduction, induction, and smart modeling that allowed making a connection with psychological knowledge and to critically reconsider the basic concepts of professional ethics of accountants and auditors. As a result, a large majority of the colleagues (96.9%) organizes and maintains accounting records by focusing on the needs and interests of the top management. In conclusion, by honesty the Code means the accountant’s responsibility to act in an open and honest manner in all professional and business relationship.