ethical accounting
[ˈɛθɪkəl əˈkaʊntɪŋ]
noun
contabilidade ética
1. An accounting practice that prioritizes moral principles, transparency, and honesty in financial reporting and record-keeping, going beyond legal requirements to maintain integrity and stakeholder trust.
The company adopted ethical accounting practices to ensure all financial statements accurately reflected their true financial position.
A empresa adotou práticas de contabilidade ética para garantir que todas as demonstrações financeiras refletissem com precisão sua verdadeira posição financeira.
2. The principle of conducting accounting activities with professional responsibility, avoiding fraud, misrepresentation, and conflicts of interest.
Ethical accounting requires accountants to refuse participation in schemes that mislead investors or regulators.
A contabilidade ética exige que contadores recusem participação em esquemas que enganem investidores ou reguladores.
In Brazil, ethical accounting has gained prominence following corporate scandals and the implementation of IFRS (International Financial Reporting Standards). Professional organizations like CFC (Conselho Federal de Contabilidade) emphasize ethical accounting as fundamental to the profession. In the USA, the Sarbanes-Oxley Act (2002) significantly strengthened requirements for ethical accounting practices following the Enron scandal, making it a cornerstone of corporate governance.
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