Ethical responsibility of professional accountants in the context of supporting sustainable development goals

Abstract

The article discusses the impact of professional accountants’ adherence to fundamental principles of ethics, their impact on supporting sustainable development, and responsibility for violations of ethical principles. The issue of ethical responsibility of professional accountants in the context of supporting the goals of sustainable development is one of the primary tasks and requires a solution. Modern conditions also require an appropriate response to changes in ethical codes of professional accountants in order to meet new challenges. In order to always have up-to-date knowledge and skills in a certain field, it is necessary to constantly monitor all changes that occur in regulatory legislation. Since the accounting profession has a responsibility to act in the public interest, accountants are required to act transparently to ensure proper compliance with both legal and ethical requirements, and to contribute to the sustainable development of both business and society in general. Traditionally, professionalism includes, among other things, commitment to the public interest; a complete set of knowledge supported by a strict education system; independence and professional code of conduct.