THE MODERN PRACTICE OF ETHIC NORMS OF PROFESSIONAL ACCOUNTING AND AUDIT ACTIVITY UNDER THE CONDITIONS OF HARMONIZATION OF WORLD ACCOUNTING SYSTEMS IN KAZAKHSTAN

The article deals with the modern practice of ethic norms of professional accounting and audit activity under the conditions of harmonization of world accounting systems in Kazakhstan. Application of business ethics is different, depending on the country, culture and traditions, as well as the maturity level in terms of regulation and application of the legal responsibility of organizations, as well as the expectations and responsibilities of directors. However, the nature of ethic issues is generally similar to the organizations' type, size and geography. For accounting and auditing, typical ethic issues are conflicts of interest, providing reliable information and reports. Basic insurance arrangements are also universal and include: ethic leadership; good governance; code based on common values of behavior, strengthening the responsibility of the business culture; as well as effective interaction with concerned parties; transparency and accountability.