IDEAS home Printed from https://ideas.repec.org/a/dug/jaccma/y2013i3p27-37.html
   My bibliography  Save this article

“To serve the Public Interest”, the main characteristic of Accounting Profession

Author

Listed:
  • Melinda Timea FULOP

    () (Babes-Bolyai University of Cluj-Napoca, Facultatea de Stiinte Economice si Gestiunea Afacerilor)

Abstract

Public interest is highly important to the accounting profession because, according to the profession’s code of ethics, “a label of the accountancy profession is its acceptance of the responsibility to act in the public interest"(IFAC, 2012), but there is not a common consensus on what exactly is the public interest. In this circumstance, the objective of the paper is create a conceptual framework of the public interest by taking into consideration the approaches of international and national literature and the international, european and national accounting profession representatives. The paper approach is qualitative, and for this, a literature review was conducted with the aim of analyzing the main studies in accounting research literature and the most significant points of view of accounting profession representatives. Our paper contribution is to underline some new elements, part of the accounting profession framework of public interest "to provide policymakers, regulators, and business leaders with the means to more consistently assess many of the issues which are currently in debates at the national and international levels."(IFAC, 2012)

Suggested Citation

  • Melinda Timea FULOP, 2013. "“To serve the Public Interest”, the main characteristic of Accounting Profession," The Journal of Accounting and Management, Danubius University of Galati, issue 3, pages 27-37, December.
  • Handle: RePEc:dug:jaccma:y:2013:i:3:p:27-37
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/jam/article/view/2294/2049
    Download Restriction: no

    References listed on IDEAS

    as
    1. Christopher Humphrey & Asad Kausar & Anne Loft & Margaret Woods, 2011. "Regulating Audit beyond the Crisis: A Critical Discussion of the EU Green Paper," European Accounting Review, Taylor & Francis Journals, vol. 20(3), pages 431-457, June.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:jaccma:y:2013:i:3:p:27-37. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta). General contact details of provider: http://edirc.repec.org/data/fedanro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.