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Cultural and Socio-Economic Restrictions for the Adoption of the IESBA Code of Ethics for Professional Accountants in the European Countries

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  • Itsaso Barrainkua
  • Marcela Espinosa-Pike

Abstract

This paper examines the adoption of the Code of Ethics of the International Ethics Standard Board of Accountants (IESBA) by European accounting organizations. Further, it analyses the influence of Hofstede’s countries’ cultural dimensions and accounting organizations’ seniority on the adoption of the IESBA Code of Ethics. The results suggest that accounting bodies’ ethical guidelines are increasingly aligned to the IESBA Code. However, this study highlights that cultural differences have great influence on ethical regulation. These results provide insights into the factors that affect the harmonization of ethical standards, which is a necessary step towards the internationalization of the accounting profession.

Suggested Citation

  • Itsaso Barrainkua & Marcela Espinosa-Pike, 2015. "Cultural and Socio-Economic Restrictions for the Adoption of the IESBA Code of Ethics for Professional Accountants in the European Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 3-24.
    • Handle: RePEc:ers:journl:v:xviii:y:2015:i:1:p:3-24
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    References listed on IDEAS

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    Cited by:

    1. Lewellyn, Krista B. & Bao, Shuji 'Rosey', 2017. "The role of national culture and corruption on managing earnings around the world," Journal of World Business, Elsevier, vol. 52(6), pages 798-808.
    2. Gushchina L.V. & Kislitsyna N.N. & Agapova E.A. & Izotova N.V., 2019. "Culture Restrictions as a Trigger to the Society Development: History and Modernity," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 261-269.

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    More about this item

    Keywords

    IESBA code of ethics; accounting profession; IFAC; national culture; accounting bodies’ seniority; European countries;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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