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| Author: | Buchheit, S. Pasewark, W. R. Jr. Strawser, J. R. |
| Title: | No Need to Compromise: Evidence of Public Accounting's Changing Culture Regarding Budgetary Performance |
| Journal: | Journal of Business Ethics
2003 : JAN II, VOL. 42:2, p. 151-163 |
| Index terms: | AUDITING AUDIT COSTS ETHICS TIME |
| Language: | eng |
| Abstract: | McNair (1991) discusses the "proper compromises" made by junior auditors in large public accounting firms by arguing that the conflict between high-quality and low- cost auditing leads to "ethically ambivalent" behavior. Specifically, McNair provides evidence that success during the early stages of a public accounting career requires auditors to complete quality audits in an unreasonably short period of time. Completing quality audits within insufficient time constraints puts junior auditors in the following dilemma: report time truthfully and fail versus under-report time and succeed. The authors reevaluate this conflict approximately one decade after McNair's study and provide evidence that pressures toward "ethical ambivalence" have been reduced in public accounting firms. |
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