Ethics in the Accountability Profession and their Dilemmas

Abstract

The actual global crisis, fueled by financial scandals and political instability, has allowed the development of some factors that might be attributed to some deficiencies in the field of professional ethics. The accountability professional must respect certain regulated rules and principles, but the continuous change in the modern business environment makes the accounting professional face numerous challenges. That is why it is important for each accounting professional to respect the ethic requirements each time, by avoiding or mitigating, and even foreseeing, in some cases, the risk of error making, and, thus, protecting the image of the accounting entity.