The Study and Application of Moral Principles and Values in The Fields of Accounting and Auditing

Abstract

The provision of high-quality and dependable financial information plays a vital role in the economic, social, and financial advancement of a nation. Accountants and auditors, in their role as creators and validators of financial information, find themselves in a position where they must balance the interests of those who provide the information (producers) and those who consume it (investors, banks, creditors, etc.). Accountants and auditors in this capacity play a crucial public role. The accounting profession plays a crucial role in a country's development by contributing to its economic growth, financial stability, effective operation of capital markets, and the public sector. The accounting profession facilitates and fosters the expansion and advancement of businesses, particularly small and medium-sized enterprises, by providing them with assistance in strategic and financial management. Its primary goal is to safeguard the interests of shareholders and the public who invest capital in these businesses. As the accounting profession evolved, professional organizations for accountants were established. These organizations have the goal of safeguarding the public's interests by promoting the growth of a robust profession and making valuable contributions to the stability and strength of the economy. Accounting operations (OPs) play a crucial role in serving the public's interests by contributing to the establishment of high-quality standards and guidelines in the accounting and auditing field. Their main objective is to create favorable conditions for the adoption and implementation of these standards, promote the growth of a robust accounting profession, and ensure the delivery of top-notch services by accounting professionals.