Capital Market Research Accounting Code Of Ethics And Implementation Mechanism

As a main domain of the activities of market economy, the level of professional ethics in accounting not only decides the future of it, but also influences the basis of market economy operation. In recent years, however, a series of accounting fraud incidents and related auditing failure cases were exposed in our capital market, which reflect the weakness of the accounting ethics construction. It directly affects the status of CPA in the capital market, and also impairs the credit base of market economy in our country. Former premier minister ZhuRongji stressed the principle of "Keep good faith and integrity, Abide by the code of professional ethics, Adhere to accounting standards and to never falsify an account" when inspecting NAI (National Accounting Institute) and advanced higher requirement for the professional ethics construction of Accounting. The profession of accounting must strive for its survival, put emphasis on the ethics construction of accounting, improve the morality level of accountants and resume the trust of the public. Thus, the research on the construction of code of accounting ethics in capital market is worth the great attention of the whole communist party and society as well as the profession of accounting.There are six chapters in this paper. Firstly, the paper analyzes great significance of the construction of accounting ethics standards. It proves the necessity of the construction of accounting ethics standards from the aspects of the theory of human nature, Economical ethics, Institutional economics and Principal-agent theory. The exigency of the construction of code of the professional ethics is explained by analyzing the actuality of accounting ethics in our capital market. Then, the paper analyzes the character of accounting ethics so as to make it as the base of the practical remedies. We give a new definition of the character of accounting ethics and regard it as the composite of accounting ethics factors, the integrated reflection of professional ethics spirit of accounting and the thoughts of human's morality. The research on constitutes of the character of accounting ethics can provide the construction of code of the professional ethics with the theory guide, and the cultivation of accounting ethics character can provide the inner guarantee of the implementation system of the code of the professional ethics. Finally, we put forward two ways. One is to perfect the systemof accounting ethics standards on the basis of certain inspiration, which is drawn by the comparison research on the codes of accounting ethics in other countries. The other is to construct the implementation system of the code of accounting ethics.