Conduct of modern science– 2016 • Díl 1

MATERIALS OF THE XVI INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE ★ March 30 - April 7, 2020
However, in performing these roles, accountants must have humane qualities, 
given that they deal with the people in the organization. It must be acknowledged that 
their role as accountants will help the organization move forward. In order to perform 
their duties effectively, accountants need to follow the ethical rules of the accounting 
profession. The fact that an accountant carries out his activities in accordance with the 
provisions of the Code of Ethics guarantees him public recognition and confidence in 
his work.
As Albert Schweitzer mentioned that "Morality is an infinite responsibility for 
all that we live". From this we can conclude that professional ethics is the moral 
behavior of an individual, the norm of a particular profession, so that his activities 
related to the provision of professional services are carried out at a high level and in a 
sustainable manner appropriate to the public interest.
In 1998, the International Federation of Accountants adopted the Code of 
Ethics for Professional Accountants. This Code is a set of ethical requirements, rules 
for accountants around the world. It consists of three parts:
Part A applies to all professional accountants;
Part B applies to professional accountants who apply on a public basis;
Part C applies to hired professional accountants.
In the above-mentioned separate sections of the Professional Code of 
Accounting, the activities of accountants are considered separately, as professional 
practitioners and hired professional accountants perform various functional tasks..
The Code recognizes that the purpose of the accounting profession is to perform 
work in accordance with high professional standards, to ensure the best results of the 
work, and to meet requirements that are in the public interest in general. To achieve 
these goals, the following four basic requirements must be met:
1. Reliability. There is a great need in society for reliable data and reliable 
information systems.
2. Professionalism. There is a high demand for people who can be identified as 
accounting professionals by clients, employers and other stakeholders.
3. Quality of service. We need to make sure that all the services provided by a 
professional accountant meet the highest quality standards.
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