HomeIAMURE International Journal of Business and Managementvol. 8 no. 1 (2014)

Conceptual for Analyzing Public Accountancy Practice as a Social Institution

Rufo R. Mendoza

Discipline: Accountancy



Accountancy is regarded as one of the highly significant fields of discipline in contemporary societies. In recognizing its contributions to the larger society, this paper developed a framework to determine if public accountancy practice has become an institution, being a sector of society. The document analysis and review of literature provided the bases in coming up with three sets of variables upon which the institutionality of public accountancy practice shall be tested: internal capacity as independent variable, societal norms as intervening variable, and sphere of influence as dependent variable. The data shall be gathered from the clients of different public accountancy firms through survey, interview, and focused group discussion. Respondents shall be grouped according to the firm size and geographical location. Responses of these clients shall be taken as the collective state of condition of their public accountancy firms. The paper concludes that the state of condition, roles, and contributions of the public accountancy firms be documented through a scientific research that could be a source of knowledge and a basis for innovation in the profession and organizational growth of the individual auditing firms. Results can also be used in setting technical standards and regulatory pronouncements.