“…This recent research has also inspected the relationship between the values and level of moral reasoning of accountants (Abdolmohammadi and Baker, 2006) as well as the influence of various components of moral intensity on ethical decision-making processes (Leitsch, 2006). Professional ethics, the ethical decision making of public accountants, professional accounting education, independence concerns for auditing profession, auditor virtues, and principlesbased versus rules-based ethical codes have been enduring topics of accounting ethics research (Buchan, 2005;Gendron et al, 2006;Herron and Gilbertson, 2004;Libby and Thorne, 2007;Preston et al, 1995;Reiter and Williams, 2004;Satava et al, 2006;Sikka et al, 2007;Velayutham, 2003). As Everett et al (2005, p.…”