The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses
In the Audit Industry, there are a lot of players but there is major Four firms that are mainly taken into consideration which are EY, KPMG, PWC, and Deloitte and Touche. These firms are expected to have quality standards when it comes to ethical practice and understanding as they are regarded as...
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IJRAMR
2022
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| Online Access: | https://cris.library.msu.ac.zw//handle/11408/5268 https://www.ijramr.com/issue/big-four-audit-scandals-evaluation-adequacy-ethics-component-chartered-accountants-training |
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| author | Newton Chinyamunjiko Blessed Mveku Kudzai P Chogumaira Chosani Simon Peter Bhibhi |
| author2 | Midlands State University, Zimbabwe |
| author_facet | Midlands State University, Zimbabwe Newton Chinyamunjiko Blessed Mveku Kudzai P Chogumaira Chosani Simon Peter Bhibhi |
| author_sort | Newton Chinyamunjiko |
| collection | DSpace |
| description | In the Audit Industry, there are a lot of players but there is major Four firms that are mainly taken into
consideration which are EY, KPMG, PWC, and Deloitte and Touche. These firms are expected to
have quality standards when it comes to ethical practice and understanding as they are regarded as
well-trained professionals and third-party entities. However, there seems to be a contrary standpoint
as these firms are found wanting in some of the corporate scandals in which the firms were fined huge
sums of money. In this regard, the researcher found it worthwhile to find the causes of the audit
scandals, whether there is an adequate ethics component in Chartered Accountants training and
whether there is a link between audit scandals and Auditor social background. In this study, both
qualitative and quantitative research approaches were employed while utilizing a descriptive case
study research design. From a sample of 80 questionnaires, 40 responded and 40 did not respond and
a 50% response rate was achieved. The population comprised of auditors from EY, KPMG, Deloitt,e
and PWC. Questionnaires were used to collect data through and responses were based on the Likert
scale. Data was analyzed and presented using the Statistical Package for the Social Science tool and
Microsoft Excel. The findings of the study are that the major causes of audit firms are lack of
professionalism and failure of honesty. Using descriptive statistics, it shows that there is adequacy of
ethics component in chartered accountants training. Using regression analysis, it shows that the
auditor’s interpersonal skills and auditor’s character contribute to the audit scandal. Meaning there is
a link between scandals and social background. However, in order to change the narrative Audit firms
should prioritize regular ethical training and have strict disciplinary actions for those who are found
on the wanting side. |
| format | research article |
| id | ir-11408-5268 |
| institution | My University |
| language | English |
| publishDate | 2022 |
| publisher | IJRAMR |
| record_format | dspace |
| spelling | ir-11408-52682022-11-28T07:22:30Z The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses Newton Chinyamunjiko Blessed Mveku Kudzai P Chogumaira Chosani Simon Peter Bhibhi Midlands State University, Zimbabwe Midlands State University, Zimbabwe #PLACEHOLDER_PARENT_METADATA_VALUE# Midlands State University, Zimbabwe Midlands State University, Zimbabwe Accounting Ethics Audit Scandals Training In the Audit Industry, there are a lot of players but there is major Four firms that are mainly taken into consideration which are EY, KPMG, PWC, and Deloitte and Touche. These firms are expected to have quality standards when it comes to ethical practice and understanding as they are regarded as well-trained professionals and third-party entities. However, there seems to be a contrary standpoint as these firms are found wanting in some of the corporate scandals in which the firms were fined huge sums of money. In this regard, the researcher found it worthwhile to find the causes of the audit scandals, whether there is an adequate ethics component in Chartered Accountants training and whether there is a link between audit scandals and Auditor social background. In this study, both qualitative and quantitative research approaches were employed while utilizing a descriptive case study research design. From a sample of 80 questionnaires, 40 responded and 40 did not respond and a 50% response rate was achieved. The population comprised of auditors from EY, KPMG, Deloitt,e and PWC. Questionnaires were used to collect data through and responses were based on the Likert scale. Data was analyzed and presented using the Statistical Package for the Social Science tool and Microsoft Excel. The findings of the study are that the major causes of audit firms are lack of professionalism and failure of honesty. Using descriptive statistics, it shows that there is adequacy of ethics component in chartered accountants training. Using regression analysis, it shows that the auditor’s interpersonal skills and auditor’s character contribute to the audit scandal. Meaning there is a link between scandals and social background. However, in order to change the narrative Audit firms should prioritize regular ethical training and have strict disciplinary actions for those who are found on the wanting side. 9 6 7843 7847 2022-11-28T07:22:29Z 2022-11-28T07:22:29Z 2022-06-30 research article https://cris.library.msu.ac.zw//handle/11408/5268 https://www.ijramr.com/issue/big-four-audit-scandals-evaluation-adequacy-ethics-component-chartered-accountants-training en International Journal of Recent Advances in Multidisciplinary Research 2350-0743 open IJRAMR |
| spellingShingle | Accounting Ethics Audit Scandals Training Newton Chinyamunjiko Blessed Mveku Kudzai P Chogumaira Chosani Simon Peter Bhibhi The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title | The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title_full | The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title_fullStr | The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title_full_unstemmed | The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title_short | The big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| title_sort | big four audit scandals: evaluation of adequacy of ethics component in chartered accountants training courses |
| topic | Accounting Ethics Audit Scandals Training |
| url | https://cris.library.msu.ac.zw//handle/11408/5268 https://www.ijramr.com/issue/big-four-audit-scandals-evaluation-adequacy-ethics-component-chartered-accountants-training |
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