2013 Awards for Excellence

Citation

Hooper, K. (2014), "2013 Awards for Excellence", Managerial Auditing Journal, Vol. 29 No. 1. https://doi.org/10.1108/MAJ-01-2014-001

2013 Awards for Excellence

Article Type: 2013 Awards for Excellence From: Managerial Auditing Journal, Volume 29, Issue 1

The following article was selected for this year’s Outstanding Paper Award for Managerial Auditing Journal

"From legitimacy by character to legitimacy by image: ethics and accounting practices in New Zealand"

Keith Hooper and Gina Xu

Department of Accounting, AUT University, Auckland, New Zealand

Purpose – From a historical perspective, the purpose of this paper is to show how the current New Zealand Accountants’ Code of Ethics (COE) differs from the first 1927 COE. The lengthy, current COE comprises strands of thought drawn from three different philosophical positions. By contrast, New Zealand’s first COE was relatively short and reflected legitimacy by character employing the concepts of virtue ethics. The concepts of virtue ethics have now largely disappeared from the latest much longer code. The current code is more legalistic and technical, implying a concern for public relations. At the same time, the current COE has become a legitimising tool for the profession to emphasise image and quality.

Design/methodology/approach – To illustrate the shift in practice of ethical position, the paper is informed by a recent New Zealand case of a collapsed finance company as well as some further illustrations of a failure to discharge a duty of care to the public from the UK.

Findings – The shift in the COE coupled with a shift in underlying social values contributes to what the Economist Journal describes as a steady decline in professional ethics. There has been a shift from legitimising the character of an accountant to legitimising the character of accounting. This arguable conclusion is supported by a case study in New Zealand and cites the shift in combinations of cognitive, moral and pragmatic legitimacy as drivers employed by accounting firms.

Research limitations/implications – The paper uses secondary and documentary data and is informed by conceptual analysis which necessarily in the realm of ethics may be contentious.

Originality/value – The paper seeks to link the changing social values with changes in legitimisation and the COE to show shifts in accounting practices like the recent practice of issuing disclaimers.

http://www.emeraldinsight.com/10.1108/MAJ-01-2014-001

This article originally appeared in Volume 27 Number 8, 2012, Managerial Auditing Journal

The following articles were selected for this year’s Highly Commended Award

"Governance characteristics and role effectiveness of audit committees"

Akeel M. Lary and Dennis W. Taylor

This article originally appeared in Volume 27 Number 4, 2012, Managerial Auditing Journal

"Client satisfaction and usefulness to external stakeholders from an audit client perspective"

Peter Öhman, Einar Häckner and Dag Sörbom

This article originally appeared in Volume 27 Number 5, 2012, Managerial Auditing Journal