Examining How Auditing Text Books Cover the AICPA’s Conceptual Framework for Ethics

• In Event: Emerging and Innovative Research Session

Abstract

For several years, the AICPA has required its members to apply its Conceptual Framework for AICPA Independence Standards to help its members clarify independence issues and has provided its Guide for Complying with Rules 102- 505 to help members resolve other ethics dilemmas that the Code’s Rules, Interpretations, and Rulings did not explicitly address. This article discusses these standards and examines how eight major auditing textbooks cover these topics. The results show that few of the eight examined auditing textbooks cover these important documents adequately—or at all. An appendix presents materials to help auditing professors augment their classroom coverage and to help auditing textbook authors strengthen their future textbook editions.

Authors

• Martin A Leibowitz, Yeshiva University

• Alan Reinstein, Wayne State University

• Gerald H. Lander, University of South Florida-St. Petersburg