BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

On the Problem of Defining the Essence of the Concept of «Public Interest» in the Context of the Ethical Component of the Work of Accountants and Auditors
Kryvoruchko M. Y.

Kryvoruchko, Mykhailo Yu. (2023) “On the Problem of Defining the Essence of the Concept of «Public Interest» in the Context of the Ethical Component of the Work of Accountants and Auditors.” Business Inform 10:253–258.
https://doi.org/10.32983/2222-4459-2023-10-253-258

Section: Accounting and Auditing

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 147:[377:657.6

Abstract:
The article is devoted to the study of the essence of the concept of «public interest» in the context of the ethical component of the work of accountants and auditors. In the process of preparing the article, such general scientific methods as generalization, analysis, synthesis, tabular, and monographic methods were used. According to the results of the study, it is found that the central place in the professional ethics of an accountant and auditor is occupied by the concept of «public interest». The International Federation of Accountants formulates the purpose of its activities as service to the public interest, which is defined as net benefit and procedural rigor in the public interest (in the broad sense) in relation to actions, decisions, and policies. It is defined that public interest is a multidimensional and multi-level concept that covers a wide range of stakeholders (this is the manifestation of the «publicity» of interest), also the values, aspirations, and expectations of stakeholders to increase the level of economic certainty, preserve the economic resources of owners, increase the level of efficiency of corporate governance in the public sphere, and preserve natural resources. The article focuses on the consideration that the issue of determining the essence of public interest remains insufficiently studied. The Law of Ukraine «On Accounting and Financial Reporting in Ukraine» does not define the concept of «public interest», but there is a distinction between the categories of enterprises that are of public interest. Such enterprises are subject to increased requirements for disclosure of reporting and proving its reliability. Contemporary studies of the results of activities of public interest enterprises allow us to assert that there are problems with the efficiency of the use of resources, compliance with legislation in the field of accounting and reporting. These problems are of particular relevance in the light of the fact that enterprises of public interest constitute the core of the economic development of the national economy. The directions of further scientific research are outlined, i. e. the analysis of the reflection of public interest in the reporting of the relevant category of enterprises in various sectors of economic activity, organizational and legal forms and different forms of ownership.

Keywords: International Federation of Accountants, professional ethics, accounting and auditing, public interest, stakeholders.

Tabl.: 4. Bibl.: 14.

Kryvoruchko Mykhailo Yu. – Candidate of Sciences (Economics), Associate Professor, Department of Economics, Management and Administration, Cherkasy State Business College (243 V. Chornovola Str., Cherkasy, 18028, Ukraine)
Email: [email protected]

List of references in article

Holov, S. F. et al. Profesiina etyka bukhhaltera [Professional Ethics of an Accountant]. Zhytomyr: Ruta, 2022.
Fomina, O., Romashko, O., and Semenova, S. “Profesiina etyka bukhhalteriv: yii osoblyvosti ta problemni aspekty dotrymannia etychnykh pryntsypiv“ [Professional Ethics of Accountants: Its Features and Problem Aspects of Observing Ethical Principles]. Ekonomika ta suspilstvo, no. 46 (2022). DOI: https://doi.org/10.32782/2524-0072/2022-46-42
Haman, H. V., and Zinchenko, M. M. “Profesiia bukhhaltera ta etyka yoho povedinky“ [Accountant's Profession and Ethics of His Behavior]. Shliakhy pidvyshchennia efektyvnosti budivnytstva v umovakh formuvannia rynkovykh vidnosyn. 2022. http://ways.knuba.edu.ua/article/view/288699
Tarasevych, H. P., and Chyzhevska, L. V. “Etychna vidpovidalnist profesiinykh bukhhalteriv u konteksti pidtrymky tsilei staloho rozvytku“ [Ethical Responsibility of Professional Accountants in the Context of Supporting Sustainable Development Goals]. Problemy teorii ta metodolohii bukhhalterskoho obliku, kontroliu i analizu, no. 2 (2023): 49-54. DOI: https://dx.doi.org/10.26642/pbo-2023-2(55)-49-54
Accounting Ethics Education: Teaching Virtues and Values. New York: Routledge, 2021.
Boulianne, E., Lecompte, A., and Fortin, M. “Technology, Ethics, and the Pandemic: Responses from Key Accounting Actors“. Accounting and the Public Interest, vol. 23, no. 1 (2023): 177-194. DOI: https://doi.org/10.2308/API-2022-009
Juma'h, A. “Behavioral Elements Related to Consideration and Use of the Materiality Concept in Accounting“. Accounting and the Public Interest. 2019. https://www.researchgate.net/publication/340579755_Behavioral_Elements_Related_to_Consideration_and_Use_of_the_Materiality_Concept_in_Accounting_Practices
Fuadah, H., and Setiyawati, H. “The Effects of the Implementation of Transparency and Accounting Information Systems on the Quality of Financial Reports“. International Journal of Business Management. 2020. http://www.ijojournals.com/index.php/bm/article/view/371/170
“International Accounting Education Standards Board. Handbook of International Education Pronouncements“. NY: IFAC, 2019. https://www.iaesb.org/iaesb/publications/2019-handbook-international-education-standards
“Handbook of the International Code of Ethics for Professional Accountants (including International Independence Standards)“. NY: IFAC, 2021. https://www.ifac.org/_flysystem/azure-private/publications/files/IESBA-English-2021-IESBA-Handbook_Web.pdf
“A Definition of the Public Interest. IFAC Policy Position 5“. June 2012. https://www.ifac.org/_flysystem/azure-private/publications/files/PPP%205%20(2).pdf
Febriyanti, D., and Syarif, D. “Auditing in The Public Interest: An Analysis of Research on The Code of Ethics of the Public Accounting Profession“. Journal of Accounting INABA (JAI), vol. 1, no. 02 (2022): 81-93. DOI: https://doi.org/10.56956/jai.v1i02.126
[Legal Act of Ukraine] (1999). https://zakon.rada.gov.ua/laws/show/996-14#n9
Zubakha, M. V. “Rynok pidpryiemstv suspilnoho interesu: analitychno-audytorska otsinka“ [Market of Public Interest Enterprises: Analytical-Audit Assessment]. Ahrosvit, no. 5-6 (2022): 39-44. DOI: https://doi.org/10.32702/2306-6792.2022.5-6.39

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster