Ethics in Financial Analysis: Battlefield of Principles
Cristina Drumea ()
Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 580-586
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 decadesâ€™ 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 legislatorsâ€™ 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)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xix:y:2019:i:1:p:580-586
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