Effects of corporate ownership on public accountants’ professionalism and ethics

William SHAFER, D. J. LOWE, T. J. FOGARTY

Research output: Journal PublicationsJournal Article (refereed)

18 Citations (Scopus)

Abstract

The current trend toward corporate acquisitions of CPA firms poses potential threats to the autonomy and ethical standards of public accounting professionals. This recent consolidation movement suggests that for the first time a significant number of public accounting professionals are subject to the supervision and control of nonprofessionals. In addition to acknowledging the potential threats to auditor independence and objectivity, this paper suggests that these new organizational arrangements for the provision of public accounting services have other negative effects on professionalism and ethics such as desensitizing CPAs to traditional professional values, and subverting professional institutions to the goals of corporate employers. This paper develops a framework that identifies several specific research questions related to the effects of corporate ownership on professionalism and ethics in public accounting.
Original languageEnglish
Pages (from-to)109 - 124
Number of pages16
JournalAccounting Horizons
Volume16
Issue number2
DOIs
Publication statusPublished - Jun 2002
Externally publishedYes

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Professionalism
Public accounting
Corporate ownership
Accountants
Threat
Supervision
Consolidation
Auditor independence
Employers
Objectivity
Autonomy
Ethical standards
Corporate acquisitions

Cite this

SHAFER, William ; LOWE, D. J. ; FOGARTY, T. J. / Effects of corporate ownership on public accountants’ professionalism and ethics. In: Accounting Horizons. 2002 ; Vol. 16, No. 2. pp. 109 - 124.
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Effects of corporate ownership on public accountants’ professionalism and ethics. / SHAFER, William; LOWE, D. J.; FOGARTY, T. J.

In: Accounting Horizons, Vol. 16, No. 2, 06.2002, p. 109 - 124.

Research output: Journal PublicationsJournal Article (refereed)

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