1. bookVolume 7 (2018): Issue 3 (September 2018)
Journal Details
License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
access type Open Access

Application of Ethics in the Accounting Profession with an Overview of the Banking Sector

Published Online: 10 Sep 2018
Volume & Issue: Volume 7 (2018) - Issue 3 (September 2018)
Page range: 139 - 158
Received: 02 Dec 2017
Accepted: 28 Dec 2017
Journal Details
License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
Abstract

This paper aims to investigate the readiness of the accounting community in Montenegro to implement the Code of Ethics for Professional Accountants.

Also, the aim of this paper is to present the existing situation in the accounting profession in Montenegro, especially when it comes to the regulatory environment, in terms of whether it represents an incentive or limitation for the application of the latest ethical standards in the accounting profession.

In modern business conditions, the relationship between ethics and business becomes the subject of research by numerous experts. The accounting profession took on itself the great responsibility to provide financial information to the public through professional accountants. Professional accountants are daily influenced by the challenges of the accounting profession.

In the accounting profession, ethical problems involve two difficulties that are interconnected. One relates to the question of the nature of the accounting information in terms of whether it is a private or public good, and the other arises from asymmetrically distributed accounting data between those who benefit from the company’s business.

Keywords

JEL Classification

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