Abstract
The UK accountancy industry has traded upon its professional status as a means of expanding and legitimating its activities. Extensive appeals are made to ethical codes and disciplinary arrangements as part of its claim to professional status. This study examines some recent events relating to audit failures and alleged unprofessional conduct by accountancy firms and their partners in the UK with a view to assessing the validity of the claims to professional status. It concludes that the rhetoric of the claims is belied by the failure/inability of the professional accountancy bodies to take effective action against the offending firms or their partners.
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Austin Mitchell After an early career as a university lecturer he became a television journalist and since 1983 has been a Member of Parliament. He was the Labour Party's Trade and Industry spokesman from 1987–1989. He published a number of books and many articles in the press.
Anthony Puxty has since 1987 been professor of Accounting and Finance at the University of Strathclyde. He has published some seven books and more than seventy papers and articles.
Prem Sikka is a professionally qualified accountant. He is currently a Principal Lecturer at the University of East London. He has published two research monographs and more than seventy five articles.
Hugh Willmott is currently a Senior Lecturer in the Manchester School of Management, having worked previously at the University of Aston and the Copenhagen Business School. He has published seven books and contributed numerous articles to leading management, accounting, finance, and social science journals.
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Mitchell, A., Puxty, T., Sikka, P. et al. Ethical statements as smokescreens for sectional interests: The case of the UK accountancy profession. J Bus Ethics 13, 39–51 (1994). https://doi.org/10.1007/BF00877153
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DOI: https://doi.org/10.1007/BF00877153