A Comparative Analysis of Accounting Codes of Ethics

Abstract

This study compares the codes of ethics from various accounting organizations, using the International Ethics Standards Board for Accountants (IESBA) Code as a benchmark. The IESBA Code outlines five core principles—integrity, objectivity, professional competence and due care, confidentiality, and professional behavior—that have been widely adopted and adapted globally. By examining these principles in relation to ethical frameworks from different countries and organizations, the research identifies commonalities, divergences, and the underlying causes of variations. Key findings reveal that while most codes align with IESBA’s principles, differences arise due to cultural, legal, and technical factors. Notably, detailed codes provide clarity but risk overshadowing fundamental principles, while less prescriptive codes allow for greater adaptability. This comparative analysis underscores the need for a balance between universal ethical standards and context-specific adjustments, ensuring that accountants remain guided by robust ethical principles in an ever-evolving profession.