Dimensions of Ethical Accounting Practices among Certified Public Accountants: An Exploratory Factor Analysis
Jaylou C. Niniel | William T. Sucuahi
Abstract:
This research study explored and established the dimensions representing ethical accounting practices among Certified Public Accountants. The respondents were Certified Public Accountants from different sectors of the profession in Davao del Norte, of legal age and with at least two years of experience in accounting who were chosen through stratified random sampling. Responses from the Key Informant Interview were analyzed and the item statements were then used as initial statement pool for the survey. Kaiser-Meyer-Olkin (KMO) index for sampling adequacy, Bartlett’s test of sphericity for testing the multidimensionality, principal component analysis for data reduction, and VARIMAX for rotation. Thirty-one (31) original items were surveyed and processed through exploratory factor analysis and only twenty-six (26) items of ethical accounting practices passed the ≥.40 threshold after ten iterations which loaded to eight dimensions. The identified eight generated dimensions of ethical accounting practices were moral philosophies, personal values and principles, religiosity, objectivity, reliance to authority, integrity, professional behavior and public_welfare.
References:
- Craft, J. (2013). A review of the empirical ethical decision-making literature: 2004–2011. Journal of Business Ethics, 117(2), 221–259.
- Creswell, J.W. (2013). Qualitative inquiry and research design. Choosing among five ap-proaches. London: Sage. Approches in-ductives, 2015, Hakim Ben Salah, Note de lecture : 1-4.
- Devra, J. (2018). .Scenarios in business ethics research: Review, critical assessment, and recommendations. Business Ethics Quar-terly, 2(2), 137–160.
- Diamond, C., Gez, M., Rutta, M., Herrick, D., (2019), PwC Charged with Violating Audi-tor Independence Rules and Improper Professional Conduct.
- Fritzche, David J, 2015, Ethical Climates and the Ethical Dimension of Decision Making. Journal of Business Ethics, vol 24, no 2,p.125-140. Kluwer Academic Publish-er.Netherlands, 2015
- Hair J. F., Black W. C., Babin B. J., Anderson R. E. (2010). Multivariate data analysis (7th ed.). Upper Saddle River, NJ: Pearson Prentice Hall
- Jackling, B., Cooper, B. J., Leung, P., & Dellaportas, S (2017). Professional ac-counting bodies’ perceptions of ethical is-sues, causes of ethical failure and ethics education. Managerial Auditing Journal, 22(9), 928-944.
- Masoud, G. and Mahbude, R. (2014). The Rela-tion between the Corporate Governance Characteristics and Financial Statement Frauds: AEmpirical Analysis of Italian Listed Companies.
- Monem, R, 2018, The one Tel Collapse; Les-sons for corporate governance; Australi-an Accounting Review, 21 (4): 340- 351).
- Oseni, AI, 2018, Unethical behavior of profes-sional accountants in an organiza-tion. Research journal of finance and ac-counting, 2(2), 1-8
- Roberts, R. (2018). Toward a more coherent understanding of the organization Society relationship: A theoretical consideration for social and environmentalAccounting research`, Journal of business ethics, 97(4); 651- 665.
- Saat, M., Porter, S., & Woodbine, G. (2012). A longitudinal study of accounting students' ethical judgement making ability
- Saidu, M. (2017). Effect of ethical accounting practices on organisational productivity in Nigeria. 1, 14- 16.
- Schmidt, J. W. (2015). Accounting ethics and the quality of financial reporting: A sur-vey of some selected oil exploration and producing companies in Nigeria. Journal of Business and Management, 16(7); 26-36.
- Stichter, N. (2020) The impact of perceived ethical culture of the firm and demo-graphic variables on auditors’ ethical evaluation and intention to act decisions. Journal of Business Ethics, 93(4), 531–551.
- Tabachnick, B. G., & Fidell, L. S. (1989). Using Multivariate Statistics. New York: Harper & Row, Publishers, Inc.
- Velicer, W. F., & Jackson, D. N. (1990). Compo-nent analysis versus common factor anal-ysis: Some further observations. Multivar-iate Behavioral Research, 25(1), 97–114.
- William, B. (2005). Ethics and the Limit of Phi-losophy, Boston; Harvard University Press.
Philippine E-Journals
