Accounting, Edition 34

Ethics: Standards and Dwell

By: Yanira Petrides

A daily characteristic of professional accountants’ life is ethics; a commitment demanded every single day to the professional at the service of public interest. However, ethics is a permanent challenge, not only in times of crisis and scandals, but also when there is relative calm.

The word “ethics” comes from the Greek word “έθος ethos” that means “habit, custom, practice”. In the introduction of the book “Ethos, destiny of man”, Juliana González explains that the Greek word “ethos” can be spelled in a different way and therefore accepts more than one meaning (González, 1986). And she continues if we write the word ethos with its first letter “η eta” instead of the letter “έ epsilon”, according to González it would mean something like “dwell”, which can be read whether external – like the house in which you live – or internal – as a way of being, in essence the “character”. And it is, like a way of being how profession accountants live ethics: as a lair that gives us security, prestige, and also a way to service the public interest.

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Accounting, Edition 34

The Impact of International Standards in Accounting Education

By: Sylvia Meljem

At the same time that globalization is found in every corner of the world, the issue of national and international standards convergence becomes more relevant every day. Almost in all the capital markets convergence towards a set of generally accepted accounting and auditing standards is actively discussed. The contribution of these standards shall be to reduce vulnerability and to strengthen accountability in all the accounting information systems, specially in the securities market, where public companies are listed.

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Accounting, Edition 34

International Auditing and Assurance and Related Services Standards

By: Alberto Napolitano

The organized public accountant’s profession in Mexico, formed by the Instituto Mexicano de Contadores Públicos (Mexican Institute of Public Accountants or IMCP as per initials in Spanish) reported the decision to incorporate as of 2012, the International Auditing Standards such as the standards that will regulate the financial information auditing works, of assurance and other related services, provided by independent public accountants in substitution of the current standards issued by the Comisión de Normas y Procedimientos de Auditoría (Auditing Standards and Procedures Commission or CONPA as per initials in Spanish) of the Institute.

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