The importance of professional judgment in accounting reliability

The starting point of the scandals of companies in the world is that the accounting informations-source of financial reporting- are manupulated and not reliable. To avoid this, the standarts,prepared with the aproach which is princible-based and predicated on esence primarcy has loomed large `The Professional Judgment?.The purpose of this study is to revise the literature and discuss the Professional judgment in supervision, reporting and accounting which have come up lately because International Financial Reporting standarts is discussed for being tought with the ethics law in the education standarts published by the International Federation of Accountants. The aim of carrying out International financial reporting standarts and Turkısh financial Reporting standarts is to get financial accounts which provide true and reliable information and at the same time to make these accounts comparable.But the standarts may not solve every problem exactly everytime. In this cases, the accountants close the gaps according to their experiences. They make decisions on the basis of their education and the experiences they have got. Surely, these decisions result in some positive or negative consequences.Thus, it is very important to define the qualities of Professional judgments, its usage, usage criterias and the boundaries of Professional judgments well.Key Words: The Accounting Information Reliability, Profession of Accounting, Professional Judgment.