KNOWLEDGE OF THE INTERNATIONAL CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS AND READINESS TO PROCEED ACCORDING TO THE GUIDELINES OF THE CODE

Maja Letica (), Mirela Mabić () and Nikola Škobić ()

BH Ekonomski forum, 2025, vol. 1, issue 21

Abstract: This paper aimed to examine whether the level of knowledge of the International Code of Ethics for Professional Accountants influences the readiness of accountants to act in accordance with its guidelines, even under pressure that can adversely affect their professional status. The survey was conducted among medium and large companies in the Federation of Bosnia and Herzegovina (FBiH) in 2023, with a sample of 71 respondents. The results have shown a positive connection between the level of knowledge of the Code and the willingness to take ethical action, including situations with potentially negative consequences, such as paying salaries or losing jobs, for respondents. Additionally, professional accountants who are more familiar with the Code are more likely to report the unethical behavior of management, either to relevant institutions or to the public. However, in the FBiH business practice so far, such treatment is a rarity, which indicates a gap between theoretical knowledge and actual behaviour.

Keywords: Ethics; Ethics Code for Professional Accountants; Code Guidelines; Professional Accountants; Non-Ethical Requests (search for similar items in EconPapers)
Date: 2025-09-30
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Persistent link: https://EconPapers.repec.org/RePEc:etl:journl:90

DOI: 10.62900/BHEF252101002

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