Central European Business Review 2013, 2(3):30-35 | DOI: 10.18267/j.cebr.52

The Corporate Governance Debate on Professional Ethics in the Accounting Profession

Carmen Giorgiana Bonaci1, Jiří Strouhal2, Libuše Müllerová3, Jaroslava Roubíčková4
1 Dr. Carmen Giorgiana Bonaci, Associate Professor, Babes-Bolyai University Cluj Napoca, Department of Accounting, T. Mihali 58-60, 400592 Cluj Napoca, Romania, carmen.bonaci@econ.ubbcluj.ro
2 Dr. Jiří Strouhal, Associate Professor, University of Economics Prague, Department of Business Economics, W. Churchill Square 4, 130 67 Prague 3, Czech Republic, strouhal@vse.cz
3 Prof. Dr. Libuše Müllerová, Professor, University of Economics Prague, Department of Financial Accounting and Auditing, W. Churchill Square 4, 130 67 Prague 3, Czech Republic, muller@vse.cz
4 Dr. Jaroslava Roubíčková, Associate Professor, University of Economics Prague, Department of Financial Accounting and Auditing, W. Churchill Square 4, 130 67 Prague 3, Czech Republic, roubicko@vse.cz

This paper focuses on the particular case of professional ethics in the context of the accounting profession. After briefly discussing recent events that made us reconsider our understanding of corporate governance, accountancy and ethics, we attempt to delimit the state of the art by looking at ethics from the accounting profession's perspective. When aiming to clarify professional ethics, we closely analyze integrity based on the latest developments undertaken by European professional bodies. The findings are used in identifying ways to contribute to the endeavor of aligning the profession's performance with society's reasonable expectations.

Keywords: Business ethics; accounting profession; auditing; code of ethics
JEL classification: G30, M41

Received: June 28, 2013; Revised: September 14, 2013; Published: September 30, 2013  Show citation

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Bonaci, C.G., Strouhal, J., Müllerová, L., & Roubíčková, J. (2013). The Corporate Governance Debate on Professional Ethics in the Accounting Profession. Central European Business Review, 2(3), 30-35. doi: 10.18267/j.cebr.52
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