Deontological Principles in Accounting Expert Engagements: Challenges, Risks and Responsibilities

Abstract

In the performance of a professional and legal accounting audit, adherence to ethical principles is an essential element. The importance of this topic stems from the complexity of the challenges specific to accounting audits and the auditor’s responsibility in the practice of the profession. In the face of these challenges, the ethics of accounting auditing become the key link that distinguishes professionalism from superficiality. This study emphasizes the importance of strengthening professional responsibility and adhering to ethical standards in practice. The article aims to highlight the fundamental principles governing the work of the accounting expert, while also identifying directions for improving the national regulatory framework in this field. During the research, a qualitative analysis of doctrinal, regulatory, and professional sources related to the topic was conducted, including the comparative method. This scientific research involved a critical examination of the discrepancies between current regulations and the practical needs of the profession, outlining the main ethical challenges faced by certified public accountants in the practice of their profession. The research aims to synthesize the main ethical principles applicable to the practice of public accounting in a structured and accessible format that facilitates the understanding and application of ethical standards by public accountants. At the same time, the article highlights the need to adopt best practices applicable to the accounting profession, inspired in part by the provisions of Professional Standard No. 35 in Romania, with a view to improving the domestic professional framework. UDC: 657.6:174(478); JEL: M41, M42, O33