<abstract xmlns="http://www.w3.org/1999/xhtml">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.</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.

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

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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

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

Publié en ligne: 10 sept. 2018

Pages: 139 - 158

Reçu: 02 déc. 2017

Accepté: 28 déc. 2017

DOI: https://doi.org/10.2478/jcbtp-2018-0027

Mots clés
professional ethics, accounting profession, professional accountant, ethics of managing accountants

© 2018 Zoran Todorović, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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

Publié en ligne: 10 sept. 2018

Pages: 139 - 158

Reçu: 02 déc. 2017

Accepté: 28 déc. 2017

DOI: https://doi.org/10.2478/jcbtp-2018-0027

Mots clésprofessional ethics, accounting profession, professional accountant, ethics of managing accountants

© 2018 Zoran Todorović, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Mots clés
professional ethics, accounting profession, professional accountant, ethics of managing accountants