{"id":20676,"date":"2025-10-01T18:46:16","date_gmt":"2025-10-01T15:46:16","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=20676"},"modified":"2025-10-01T18:46:16","modified_gmt":"2025-10-01T15:46:16","slug":"professional-integrity-as-the-basis","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/professional-integrity-as-the-basis\/","title":{"rendered":"Haiduchok T., Maksymiv Yu., Shkromyda N. Professional Integrity as the Basis for High-Quality Financial Reporting in an International Context"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> M41, M14, M48, F36<\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-03<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Haiduchok Tetyana,<\/strong> PhD (Economics), Associate Professor of the Department of Accounting, Taxation and Audit, Polissia National University, Zhytomyr, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-0190-3872<\/span><\/a>
\ne-mail: <\/strong>gaytata@ukr.net<\/span><\/a><\/p>\n

Maksymiv Yuliia, <\/b>PhD (Economics), Associate Professor of the Department of Accounting and Taxation, Vasyl Stefanyk Carpathian National University, Ivano-Frankivsk, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-8614-0447<\/span><\/a>
\ne-mail: <\/strong>yuliia.maksymiv@pnu.edu.ua<\/span><\/a><\/p>\n

Shkromyda Nadiia, <\/b>PhD (Economics), Associate Professor of the Department of Accounting and Taxation, Vasyl Stefanyk Carpathian National University, Ivano-Frankivsk, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0001-7170-2497<\/span><\/a>
\ne-mail: <\/strong>nadiya.shkromyda@pnu.edu.ua<\/span><\/a><\/p>\n

 <\/p>\n

Professional Integrity as the Basis for High-Quality Financial Reporting in an International Context<\/b><\/h2>\n

Abstract. Introduction<\/i><\/b>. <\/span><\/i>This article explores the role of professional integrity as a foundation for high-quality financial reporting and trust from investors, stakeholders, and society. It highlights the qualitative characteristics of reporting defined by the IFRS Conceptual Framework (relevance, fair presentation, comparability, understandability, timeliness) and their link with ethical principles that ensure accuracy and transparency. The study analyzes international approaches to integrity in reporting through the standards of IFAC, IASB, OECD, IOSCO, as well as modern ESG requirements. Special attention is given to challenges and prospects of implementing these principles in domestic practice in the context of globalization and digital transformation.<\/span><\/i><\/p>\n

Purpose.<\/i><\/b> The purpose of the study is to substantiate the importance of professional integrity as a fundamental factor in the formation of high-quality financial reporting and to identify areas for its strengthening in international accounting and auditing practice.<\/span><\/i><\/p>\n

Results. <\/i><\/b>It has been found that the implementation of integrity principles in Ukraine is complicated by: formal compliance with international standards, poor ethical training of specialists, tolerance of manipulation, and the influence of corruption. At the same time, there are prospects: harmonization of the regulatory framework with EU requirements (CSRD, ESRS), digitization of accounting and control, development of non-financial (ESG) reporting, and updating of educational programs with a stronger ethical component. It is emphasized that military challenges increase the need for transparency and accountability to strengthen economic security.<\/span><\/i><\/p>\n

Conclusions. <\/i><\/b>Professional integrity is a key condition for high-quality reporting, as it ensures genuine adherence to the principles of truthfulness and transparency. Global experience shows that even perfect standards are ineffective without an ethical foundation. For Ukraine, the development of ethical education and control, ESG integration, digitalization, and alignment of practices with EU requirements are strategically important, as they will increase trust in financial data, promote investment, and contribute to a positive international image of the state.<\/span><\/i><\/p>\n

Keywords: <\/b>professional integrity, financial reporting, IFRS, international standards, ethics, corporate governance, transparency, trust.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Haiduchok, T. S. (2021). Corporate reporting of business entities in the modern conditions of European integration processes. <\/span>Financial instruments of regional development: Proceedings of the All-Ukrainian scientific and practical Internet conference, October 27, 2021<\/span><\/i> (Vol. 1, pp. 119\u2013122). Zhytomyr: Polissia National University.<\/span><\/li>\n
  2. Hichri, A. (2023). Audit quality, value relevance, integrated reporting, and the moderating role of business ethics: Evidence from European ESG firms. <\/span>Review of Accounting and Finance, 22<\/span><\/i>(5), 747\u2013771. https:\/\/doi.org\/10.1108\/RAF-03-2023-0073.<\/span><\/li>\n
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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>24 August 2025<\/span><\/p>\n

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    Haiduchok T., Maksymiv Yu., Shkromyda N. (2025). Professional Integrity as the Basis for High-Quality Financial Reporting in an International Context. Modern Economics, 52(2025), 19-24. DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-03.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M41, M14, M48, F36 DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-03 [\/vc_column_text][vc_column_text]Haiduchok Tetyana, PhD (Economics), Associate Professor of the Department of Accounting, Taxation and Audit, Polissia National University, Zhytomyr, Ukraine ORCID ID: 0000-0002-0190-3872 e-mail: gaytata@ukr.net Maksymiv Yuliia, PhD (Economics), Associate Professor of the Department of Accounting and Taxation, Vasyl Stefanyk Carpathian National University, Ivano-Frankivsk, Ukraine ORCID ID:
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