This study explores the ethical conditions of public accountants in Peru, emphasizing the importance of ethics in their professional performance. The research uses a qualitative, phenomenological-hermeneutic approach to analyze the ethical values of independence, responsibility, and professional expertise. The study interviews public sector accountants, private sector accountants, independent accountants, and university professors to understand their ethical practices and challenges. The findings highlight the critical role of ethics in ensuring the accuracy and reliability of financial information, as well as the importance of professional integrity, responsibility, and decision-making skills. The study also discusses the impact of ethical behavior on the trust and reputation of accountants, and the need for continuous professional development and ethical education. The research underscores the necessity of maintaining high ethical standards in the accounting profession to ensure transparency, fairness, and accountability. The study concludes that public accountants must combine technical and personal skills, maintain high ethical standards, and project an outstanding and respectable image to be considered reliable professionals. The study also suggests that ethical education and training are essential for accounting students and professionals to develop the necessary ethical sensitivity and decision-making skills. The findings contribute to the theoretical and practical understanding of accounting ethics, providing a foundation for the development of a global code of ethics for accountants.This study explores the ethical conditions of public accountants in Peru, emphasizing the importance of ethics in their professional performance. The research uses a qualitative, phenomenological-hermeneutic approach to analyze the ethical values of independence, responsibility, and professional expertise. The study interviews public sector accountants, private sector accountants, independent accountants, and university professors to understand their ethical practices and challenges. The findings highlight the critical role of ethics in ensuring the accuracy and reliability of financial information, as well as the importance of professional integrity, responsibility, and decision-making skills. The study also discusses the impact of ethical behavior on the trust and reputation of accountants, and the need for continuous professional development and ethical education. The research underscores the necessity of maintaining high ethical standards in the accounting profession to ensure transparency, fairness, and accountability. The study concludes that public accountants must combine technical and personal skills, maintain high ethical standards, and project an outstanding and respectable image to be considered reliable professionals. The study also suggests that ethical education and training are essential for accounting students and professionals to develop the necessary ethical sensitivity and decision-making skills. The findings contribute to the theoretical and practical understanding of accounting ethics, providing a foundation for the development of a global code of ethics for accountants.