Connotación del código de ética contable en la prevención de fraudes en el mercado bursátil en Ecuador.

Abstract

The accounting profession is highly exposed as a result of poor accounting practices, and whose economic and social impact is higher in companies that operate in the stock market, causing damage to investors, shareholders, and public. This situation reflects a lack of the level of importance of ethics in accounting training, as well as the degree of social responsibility that the profession has. The present research aims to establish the importance of the code of ethics of the accounting profession as a qualitative tool in professional care and performance, due to its level of social responsibility, to prevent fraud in the stock market in Ecuador, avoiding situations that occur in the international market. Through a non-experimental, transectional/cross-sectional research design and with a qualitative approach, the degree of importance of the code of ethics can be induced as a qualitative tool for the prevention of financial accounting fraud. It is recommended to strengthen and promote ethical training, as a measure of awareness about the risk that professional accountants must maintain as part of their professional profile, as well as their competencies, fulfilling the main mission of IFAC. Also, in complying with the current legal framework in Ecuador, to which accountants and auditors are exposed.