Professionalism in accounting: a five-factor model of ethical decision-making

Abstract

PurposeThe purpose of this paper is to develop a model of ethical decision-making that applies to accountants and the accounting profession.Design/methodology/approachThis model is an integration of five factors that influence ethical decision-making by accountants: professional codes of conduct; philosophical orientation; religious orientation; culturally derived values; and moral maturity.FindingsThis model is a synthesis of previous identified factors that influence ethical decision-making and incorporates them into a model that is specific to professional accountants.Research limitations/implicationsThe authors develop a set of propositions and explain how this model can be tested and its implications for both the accounting profession and the teaching of business ethics.Originality/valueThis model presents a new way of viewing ethical decision-making by accountants that is predicated on the importance of professional codes of conduct that influence both behaviour and decision-making. The external certification of professional accountants provides a layer of accountability not previously incorporated into ethical decision-making models.