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Ethics in Financial Analysis: Battlefield of Principles

Cristina Drumea ()

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 580-586

Abstract: The paper discusses the way in which creative accounting practices and subsequent financial audit and analysis transform the economic environment leading to cascade crises, to proliferation of ill-practices and to violating ethic principles in the hope of a swift cash-out from volatile situations. Recent decades’ financial crises are discussed in relation to an increasingly controlled financial services market, while financial scandals keep on overflowing despite the over-regulation worldwide. Ethical behaviour of the main actors involved is disbalanced by quick profit enticement, which calls for stronger regulatory measures, in many legislators’ opinion, or for lesser intervention in the hope of a self-regulation under the law of supply and demand of financial services.

Keywords: Creative Accounting; Financial Ethics; SOX Standard (search for similar items in EconPapers)
JEL-codes: M42 M48 G01 G38 H32 (search for similar items in EconPapers)
Date: 2019
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