Copyright © 2019, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited. Chapter 8 167 DOI: 10.4018/978-1-5225-7712-6.ch008 ABSTRACT Accounting and taxation are two key functions for optimal performance of an entity’s economic activity. Accounting, on the one hand, helps to provide the information needed for decision-making, and taxation, on the other hand, helps to fnd resources and use them efciently. These two systems cannot function properly without trust, without ethics. This chapter aims to study the issue of applying ethical conduct in the fscal and accounting feld as well as to analyze the causes and consequences of ethical and unethical conduct specifc to the topic addressed. Also, this chapter aims to present some proposals and recommendations for solving the identifed problems. Ethics in Accounting and Finance: Actual Issues and Controversies Ionica Oncioiu Titu Maiorescu University, Romania Tatiana Dănescu Petru Maior University of Targu-Mures, Romania Maria-Alexandra Popa 1 Decembrie University of Alba Iulia, Romania