New challenges of the IFAC International Code of Ethics. The case of the Republic of North Macedonia

• Authors: Malchev Bojan , Bozhinovska Lazarevska Zorica

Title variants

PL

Nowe wyzwania dla Międzynarodowego kodeksu etycznego IFAC. Przypadek Republiki Północnej Macedonii

• Languages of publication: EN

Abstracts

EN

Purpose: The main purpose of the paper is to provide empirical evidence on certified audi-tors’ perceptions in the Republic of North Macedonia (RNM) about the new IFAC Interna-tional Code of Ethics for Professional Accountants. Methodology/approach: A survey was conducted by distributing a questionnaire to the certified auditors in RNM, and the answers were then analyzed. Findings: The results indicate that the observance of the Code of Ethics affects the quality of audit engagements in domestic practice. The majority of practitioners believe that the fundamental principles are sufficiently clearly elaborated and can provide an appropriate basis for ethical conduct. The principle of objectivity is most exposed to threats, while the most common threat is familiarity. Safeguards created by the profession, the law, and regulations are more effective in addressing threats. Finally, practitioners agree that the innovations brought by the new Code of Ethics represent a significant benefit to the auditors’ mission to preserve and strengthen their independence. Research implications/limitations: The research provides empirical evidence of ethical behavior in domestic audit practice, but no similar research has been done before to make a comparative analysis. Originality/value: This research is the first of this type in RNM and fills the research gap in the field of ethical behavior in the domestic audit practice.

PL

Cel: Głównym celem artykułu jest pozyskanie informacji na temat postrzegania przez biegłych rewidentów w Republice Północnej Macedonii nowego Międzynarodowego kodeksu etyki zawodowych księgowych IFAC. Metodologia/podejście: Aby osiągnąć powyższy cel, przeprowadzono badanie ankietowe wśród biegłych rewidentów w Republice Macedonii Północnej. Cel badania jest realizowany poprzez analizę odpowiedzi na pytania. Ustalenia: Wyniki badań wskazują, że przestrzeganie Kodeksu etyki wpływa na jakość zleceń badania sprawozdań finansowych w praktyce krajowej. Większość praktyków uwa-ża, że podstawowe zasady są dostatecznie jasno opracowane i mogą stanowić właściwą podstawę etycznego postępowania. Najbardziej narażona na zagrożenia jest zasada obiek-tywizmu, a najczęstszym zagrożeniem jest zasada znajomości. Zabezpieczenia stworzone przez profesję, prawo i regulacje są bardziej skuteczne w przeciwdziałaniu zagrożeniom. Wreszcie, praktycy zgadzają się, że zmiany wprowadzone przez nowy Kodeks etyki stano-wią znaczącą korzyść dla realizacji misji biegłych rewidentów, polegającej na zachowaniu i wzmocnieniu ich niezależności. Implikacje/ograniczenia badań: Badanie dostarcza empirycznych dowodów na temat zachowań etycznych w krajowej praktyce audytorskiej. Wcześniej nie przeprowadzono podob-nych badań w celu dokonania analizy porównawczej. Oryginalność/wartość: Niniejsze badanie jest pierwszym tego typu w Republice Macedo-nii Północnej i wypełnia lukę badawczą w dziedzinie zachowań etycznych w krajowej prak-tyce audytorskiej.

Keywords

EN

Code of Ethics; International Federation of Accountants; Principles of Ethical Behavior; Threats to Fundamental Principles; Safeguards

PL

Kodeks etyki; Międzynarodowa Federacja Księgowych; zasady etycznego postępowania; zagrożenia dla podstawowych zasad; zabezpieczenia

• Publisher: Stowarzyszenie Księgowych w Polsce (SKwP), Zarząd Główny, Rada Naukowa
• Journal: Zeszyty Teoretyczne Rachunkowości
• Year: 2021
• Issue: 45(2)
• Pages: 145-160

Contributors

author

Malchev Bojan

• Faculty of economics-Skopje, Chair of Accounting and Auditing

author

Bozhinovska Lazarevska Zorica

• Faculty of economics-Skopje, Chair of Accounting and Auditing

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