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dc.contributor.authorHooper, Keith
dc.contributor.authorWang, Dr Jenny
dc.date.accessioned2017-11-16T22:48:44Z
dc.date.available2017-11-16T22:48:44Z
dc.date.issued2015
dc.identifier.urihttps://hdl.handle.net/10652/3977
dc.description.abstractPurpose - from a philosophical and empirical perspective this paper seeks to show how the big audit firms have managed to set the bar low so that they offer only opinions on whether financial statements meet accounting standards. It is argued that while the concepts of virtue ethics have now largely disappeared, ethical legitimacy has moved beyond consequential ethics to a form of social Darwinism. It is a Social Darwinism that is legalistic and technical as evidenced by the audit firms’ widespread use of the Bannerman clause attached to their opinions. Design - to illustrate the shift of ethical positions, the paper is informed illustrations of a failure to discharge a duty of care to the public. Findings – the shift in underlying social values contributes to what the Economist Journal describes as a steady decline in professional ethics. This arguable conclusion is supported by various illustrations and cites the shift in combinations of cognitive, moral and pragmatic legitimacy as drivers employed by accounting firms. Research Limitations – the paper uses secondary and documentary data and is informed by conceptual analysis which necessarily in the realm of ethics may be contentious. Originality – the paper seeks to link the changing social values with changes in legitimisation and to show shifts in accounting practices like the recent practice of issuing disclaimers.en_NZ
dc.language.isoenen_NZ
dc.publisherVirtus Interpressen_NZ
dc.subjectauditingen_NZ
dc.subjectNew Zealanden_NZ
dc.subjectcode of ethicsen_NZ
dc.subjectdisclaimersen_NZ
dc.subjectKanten_NZ
dc.subjectunilateralismen_NZ
dc.subjectSocial Darwinismen_NZ
dc.subjectvaluesen_NZ
dc.titleEthics and auditing: setting the bar too lowen_NZ
dc.typeJournal Articleen_NZ
dc.date.updated2017-07-11T00:10:26Z
dc.rights.holderVirtus Interpressen_NZ
dc.subject.marsden150102 Auditing and Accountabilityen_NZ
dc.identifier.bibliographicCitationHooper, K., & Wang, J. (2015). Ethics and auditing: setting the bar too low. Corporate Ownership and Control,12(4), pp.549-561.en_NZ
unitec.publication.spage549en_NZ
unitec.publication.lpage561en_NZ
unitec.publication.volume12en_NZ
unitec.publication.issue4en_NZ
unitec.publication.titleCorporate Ownership and Controlen_NZ
unitec.peerreviewedyesen_NZ
unitec.identifier.roms58713en_NZ
unitec.identifier.roms58847en_NZ


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