Accountancy Profession

The accountancy profession is rated highly in terms of its demonstration of certain values, attributes and behaviours considered important for supporting public value. Two thirds of participants (66%) believe the accountancy profession contributes to the development of the economy. Given the high emphasis previously placed on ethical conduct, it is also encouraging that 65% of participants consider the accountancy profession to be ethical in its dealings with stakeholders. Over 60% of participants also think the accountancy profession promotes good corporate governance, drives a common standard for financial regulation and is trusted. Over half also think the accountancy profession is open and transparent and contributes to the development of society. Survey respondents reveal similar perceptions of individual accountants – particularly in terms of their ethical conduct (61%), trusted status (57%) and openness and transparency (54%). The widest divergence in perceptions of the profession as a whole and of individual accountants arises in relation to driving a common standard for financial regulation. This perhaps suggests a perception that individual accountants have less influence over the development of common regulatory standards around the world than do the professional bodies to which they belong. It emphasises the importance of accountancy bodies working together to…

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