accounting ethics
[/əˈkaʊntɪŋ ˈɛθɪks/]
noun
ética contábil
1. The moral principles and professional standards that guide accountants and accounting professionals in their work, including honesty, integrity, confidentiality, and compliance with laws and regulations
Accounting ethics requires that financial statements be presented truthfully and without material misstatements.
A ética contábil exige que as demonstrações financeiras sejam apresentadas de forma verdadeira e sem distorções relevantes.
2. A system of rules and standards established by professional accounting bodies to ensure public trust and maintain the credibility of the accounting profession
The CPA must adhere to strict accounting ethics standards when auditing a company's books.
O contador certificado deve aderir a rigorosos padrões de ética contábil ao auditar os livros de uma empresa.
In Brazil, accounting ethics is increasingly emphasized due to corporate governance requirements (Lei Sarbanes-Oxley adopted by multinationals and large companies) and the Professional Ethics Code established by CFC (Conselho Federal de Contabilidade). In the USA, the AICPA (American Institute of CPAs) Code of Professional Conduct is the primary ethical framework. Both countries recognize that public trust in financial markets depends heavily on ethical accounting practices, especially following major scandals like Enron and Wirecard.
Related Idioms & Phrases
cooking the books (fraudulent accounting vs. ethical accounting)
playing by the rules (adhering to accounting ethics)
transparency in financial reporting
moral compass in business
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