Similarities and Differences Between Ethical Codes of Conduct of AICPA and IFAC

Authors

  • Al-Hasan Al-Aidaros College of Business Universiti Utara Malaysia, Malaysia
  • Kamil Md. Idris College of Business Universiti Utara Malaysia, Malaysia
  • Faridahwati Mohd. Shamsudin College of Business Universiti Utara Malaysia, Malaysia

DOI:

https://doi.org/10.32890/ijms2015.22.5

Keywords:

Ethical code of conduct, Accountants, AICPA, IFAC

Abstract

An accountants’ ethical code of conduct represents the moral values, principles and rules that accountants should have. The ethical codes of conduct of AICPA and IFAC are the two main codes most countries adopt to guide their members on how to deal with accounting information from the ethical perspective. While the AICPA ethical code of conduct was developed specifically for the USA, the IFAC ethical code of conduct was developed by taking into account the different practices of ethical code of conduct in various countries. The main purpose of this paper is to present an overview of the similarities and differences of these two codes. The comparison of the two documents is made on the following issues: establishment, structure and approach of the codes, the public interest principle, and the independence principle. The comparative analysis shows that the AICPA and IFAC codes are more similar than different even though some differences are noticeably important.
 
Keywords: Ethical code of conduct, Accountants, AICPA, IFAC.

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Published

31-08-2015

Issue

Vol. 22 (2015): International Journal of Management Studies (IJMS) Vol. 22, Special Issue 2015

Section

Articles

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Harvested 2026-09-08
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Identifiers DOI 10.32890/ijms2015.22.5

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