The process of observing professional ethics by an accountant is an integral factor of the user’s trust in financial and accounting statements. The formation of ethical principles occurred on the basis of concrete experience, as a result of the emergence of various conflict situations, which threaten the competence and prestige of the profession of the accountant. The increase in market processes in society has aggravated the issues of the moral and ethical side of the activities of specialists, in con-nection with the priority of making profits over universal moral values. At the present stage, in connection with the introduction of IFRS, there was a need to more actively include professional accounting organizations in the development of professional ethics.