Regulation and the Promotion of Audit Ethics: Analysis of the Content of the EU’s Policy

Samsonova-Taddei, Anna; Siddiqui, Javed

doi:10.1007/s10551-015-2629-x

Cited by 18 publications

(9 citation statements)

References 39 publications

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“…While the accountancy profession and regulators acknowledge the importance of auditors having virtues that ensure that professional judgement is exercised according to a high moral standard, regulators tend to have different notions as to how to regulate the conduct of accountants. Samsonova-Taddei and Siddiqui (2016) found that the approach adopted by the European Commission in the post-2007 GFC audit reform relates most strongly to the deontological theories of ethics, a normative approach that emphasises duties or rules. This is a restrictive view of auditor ethics, which stands in contrast to approaches that emphasise the consequence of actions or the virtues that enable an accountant to make ethical judgements consistent with public trust.…”

Section: The Role and Development Of Ethical Codesmentioning

confidence: 99%

“…In the accounting literature, many studies have focused on the development of ethical codes for the accounting profession at the national level (Chandler, 2017; Neu, 1991; Neu and Saleem, 1996; Preston et al, 1995). There have also been studies of the development of ethical rules for auditors at a regional level (Samsonova-Taddei and Siddiqui, 2016). These studies have contributed immensely to our awareness of the context-sensitive nature of ethical codes, which tend to be developed in response to contemporary conditions.…”

Section: Introductionmentioning

confidence: 99%

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The changing face of ethics – Developing a Code of Ethics for Professional Accountants from 1977 to 2006

Sonnerfeldt

Loft

2018

Accounting History

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This article aims to contextualise the development of the Code of Ethics for Professional Accountants by the International Federation of Accountants (IFAC) between 1977 and 2006. Drawing on transnational regulation literature, an extensive review of archival documents was conducted. The analysis unfolds the development of the Code in an increasingly complex regulatory environment, revealing the dynamic forces and sequence of events that influenced its nature and contents over three distinctive periods. This study reveals that the shifts in IFAC’s priorities in pursuit of its global aspirations created mechanisms that allowed transnational accounting firms and international regulators to influence the priorities of the Ethics Committee. The Committee’s efforts to legitimise and secure endorsement of the Code were constrained by its initial work programme to develop a model code through minimum harmonisation. Later, the Committee redirected its focus towards meeting the needs of the international regulators by adding more rule-based guidance within the principle-based Code and heavily prioritising independence.

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Section: The Role and Development Of Ethical Codesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The changing face of ethics – Developing a Code of Ethics for Professional Accountants from 1977 to 2006

Sonnerfeldt

Loft

2018

Accounting History

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“…Recurring accounting failures 1 coupled with studies on accounting firms' ideologies have shown that regulatory oversight and accountants' compliance with the fundamental rules of independence and ethics are not enough to protect investors and uphold the public interest (Church et al, 2018;Frémeaux et al, 2020;Guénin-Paracini et al, 2015;Spalding & Laurie, 2019). This is because acting in accordance with the rules has never prevented pursuing opportunistic goals or disguising realities under the pretense of technical and ethical compliance (Doyle et al, 2009;Samsonova-Taddei & Siddiqui, 2016). As such, questions about the effectiveness of professional codes of ethics persist (Dowling et al, 2018).…”

Section: Threats To Accountants' Professional Ethicsmentioning

confidence: 99%

Ethics and public accounting firms: Something old, something new

Baudot¹,

Hazgui²,

Altiero³

2023

Research Handbook on Accounting and Ethics

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“…If virtues "are not internalized in actors as normative resources or dispositions, then no institutional procedure can evoke them" (Offe, 2012, p. 667). Virtues, according to the Aristotelian conceptualization, highlight the characteristics of the actor as indispensable normative qualities in EDM (Samsonova-Taddei & Siddiqui, 2016). Not only are they an essential facet of the individual, they are also the excellences that a society requires (Solomon, 1992).…”

Section: Towards Virtuousness and Human Flourishing In Ethical Decision Makingmentioning

confidence: 99%

A Framework for Authentic Ethical Decision Making in the Face of Grand Challenges: A Lonerganian Gradation

Larres¹,

Kelly²

2021

J Bus Ethics

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This paper contributes to the contemporary business ethics narrative by proposing an approach to corporate ethical decision making (EDM) which serves as an alternative to the imposition of codes and standards to address the ethical consequences of grand challenges, like COVID-19, which are impacting today’s society. Our alternative approach to EDM embraces the concept of reflexive thinking and ethical consciousness among the individual agents who collectively are the corporation and who make ethical decisions, often in isolation, removed from the collocated corporate setting. We draw on the teachings of the Canadian philosopher and theologian, Fr. Bernard Lonergan, to conceptualize an approach to EDM which focuses on the ethics of the corporate agent by nurturing the universal and invariant structure that is operational in all human beings. Embracing Lonergan’s dynamic cognitive structure of human knowing, and the structure of the human good, we advance a paradigm of EDM in business which emboldens authentic ethical thought, decision making, and action commensurate with virtuous living and germane to human flourishing. Lonergan’s philosophy guides us away from the imposition of over-arching corporate codes of ethics and inspires us, as individual agents, to attend to the data of our own consciousness in our ethical decision making. Such cognitional endowment leads us out of the ethics of the ‘timeless present’ (Islam and Greenwood in Journal of Business Ethics 170: 1–4, 2021) towards ethical authenticity in business, leaving us better placed to reflect upon and address the ethical issues emanating from grand challenges like COVID-19.

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Regulation and the Promotion of Audit Ethics: Analysis of the Content of the EU’s Policy

Cited by 18 publications

References 39 publications

The changing face of ethics – Developing a Code of Ethics for Professional Accountants from 1977 to 2006

The changing face of ethics – Developing a Code of Ethics for Professional Accountants from 1977 to 2006

Ethics and public accounting firms: Something old, something new

A Framework for Authentic Ethical Decision Making in the Face of Grand Challenges: A Lonerganian Gradation

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