Certified Public Accountants’ Perceptions and Experiences of Accounting Ethics: A Qualitative Inquiry

Abstract

This qualitative inquiry delves into the perceptions and experiences of Certified Public Accountants (CPAs) regarding accounting ethics. This study used a general qualitative inquiry method with twelve participants to examine the complex web of values, beliefs, and problems CPAs face in adhering to accounting ethics. The two main theoretical pillars guiding this research are the Agency Theory and Vroom's Expectancy-Valence (E-V) Theory. The Agency Theory provided a lens through which to examine the contractual relationships between principals and agents, shedding light on potential agency problems and the mechanisms for mitigating them. In contrast, Vroom's E-V Theory offers insights into the motivation of CPAs to comply with accounting ethics. The need for this study arises from the critical role of accounting ethics in maintaining the integrity and credibility of the accounting profession. Recent ethical scandals have cast a shadow over the profession, calling for a deeper understanding of how CPAs perceive and navigate ethical challenges. By exploring the perceptions and experiences of CPAs, this research contributes to developing more effective ethical education and training programs within the accounting profession. The qualitative data analysis yielded five major themes that comprehensively understand CPAs' perceptions and experiences of accounting ethics. These themes are conceptualizing accounting ethics, personal ethical beliefs versus professional ethics, professional reputation, accounting ethical dilemmas in professional experience, and the context of training. The findings of this research carry implications for both academia and practice.