The effects of corporate ownership on public accountants' professionalism and ethics

William E. Shafer, David Lowe, Timothy J. Fogarty

Research output: Contribution to journalArticle

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 (US)
Pages (from-to)109-124
Number of pages16
JournalAccounting Horizons
Volume16
Issue number2
DOIs
StatePublished - Jun 2002
Externally publishedYes

Fingerprint

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

ASJC Scopus subject areas

  • Accounting

Cite this

The effects of corporate ownership on public accountants' professionalism and ethics. / Shafer, William E.; Lowe, David; Fogarty, Timothy J.

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

Research output: Contribution to journalArticle

Shafer, William E. ; Lowe, David ; Fogarty, Timothy J. / The effects of corporate ownership on public accountants' professionalism and ethics. In: Accounting Horizons. 2002 ; Vol. 16, No. 2. pp. 109-124.
@article{ae22cd45a37c4950bc518ac8ca06ce16,
title = "The effects of corporate ownership on public accountants' professionalism and ethics",
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.",
author = "Shafer, {William E.} and David Lowe and Fogarty, {Timothy J.}",
year = "2002",
month = "6",
doi = "10.2308/acch.2002.16.2.109",
language = "English (US)",
volume = "16",
pages = "109--124",
journal = "Accounting Horizons",
issn = "0888-7993",
publisher = "American Accounting Association",
number = "2",

}

TY - JOUR

T1 - The effects of corporate ownership on public accountants' professionalism and ethics

AU - Shafer, William E.

AU - Lowe, David

AU - Fogarty, Timothy J.

PY - 2002/6

Y1 - 2002/6

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=2642518160&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=2642518160&partnerID=8YFLogxK

U2 - 10.2308/acch.2002.16.2.109

DO - 10.2308/acch.2002.16.2.109

M3 - Article

AN - SCOPUS:2642518160

VL - 16

SP - 109

EP - 124

JO - Accounting Horizons

JF - Accounting Horizons

SN - 0888-7993

IS - 2

ER -