professional ethics in accounting

Professional ethics in accounting refer to the moral principles and standards that accountants follow to ensure honesty, integrity, and objectivity. These ethics guide accountants to provide accurate financial information, avoid conflicts of interest, maintain confidentiality, and act in the best interest of clients and the public. Upholding these principles helps build trust, ensures transparency, and maintains the credibility of financial reporting, which is essential for economic stability and informed decision-making. Essentially, it’s about doing the right thing professionally to uphold the reputation and reliability of the accounting profession.