Journal of Business Ethics 167 (1):63-76 (2020)

This paper examines ethical violations committed by Certified Public Accountants in Puerto Rico in the 2002–2010 period and the related disciplinary actions taken by the local regulatory bodies. The institutional settings for the accounting profession in PR are different from those of the United States. Ethical complaints are investigated by the PR Society of CPAs and evaluated based on the Code of Professional Conduct of the American Institute of Certified Public Accountants, although most CPAs in PR are not affiliated with the AICPA. Our study is based on data provided by the PR Society of CPAs that is not publicly available. We examine the association between the occurrence of the ethical violations and certain variables such as gender, type of practice performed by the CPA, and whether the CPA participates in a peer review program. Results of a multiple correspondence analysis suggest that not being a member of the AICPA, practicing as a sole practitioner, and not participating in a peer review program seem to be more associated with the occurrences of ethical violations by CPAs. We compare our findings with prior research on ethical infractions committed by CPAs in the United States and find some differences attributable to the institutional settings in PR. Overall, our results suggest the importance of codes of conduct in the accounting profession and compliance with such ethical guidelines by practicing accountants.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1007/s10551-019-04137-4
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Translate to english
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 68,944
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

It’s Time for Principles-Based Accounting Ethics.Albert D. Spalding & Alfonso Oddo - 2011 - Journal of Business Ethics 99 (S1):49-59.
Ethics and Self-Regulation for CPAs in the U.S.A.William J. Bollom - 1988 - Journal of Business Ethics 7 (1-2):55 - 61.
Auditor Independence Deficiencies & Alleged Audit Failures.Michael A. Pearson - 1987 - Journal of Business Ethics 6 (4):281 - 287.
It's Time for Principles-Based Accounting Ethics.Albert D. Spalding Jr & Alfonso Oddo - 2011 - Journal of Business Ethics 99 (S1):49 - 59.


Added to PP index

Total views
5 ( #1,198,603 of 2,498,159 )

Recent downloads (6 months)
1 ( #427,476 of 2,498,159 )

How can I increase my downloads?


My notes