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- Title
Private Equity and the Ethics of a Profession.
- Authors
Kravitz, Richard H.
- Abstract
The article discusses the concerns raised about the ethics of the accounting profession in light of recent investments by private equity firms in CPA firms. It questions whether auditors have prioritized the interests of their clients over the public interest and whether they have abandoned professional independence and integrity. The article also raises concerns about the potential negative impact of private equity investments on decision-making and audit quality. It emphasizes the importance of protecting the public interest and maintaining the integrity and independence of the accounting profession.
- Subjects
AUDITING; PRIVATE equity; SPECIAL purpose acquisition companies; ACCOUNTING standards; FINANCIAL crises; SPECIAL purpose entities (Corporations)
- Publication
CPA Journal, 2024, Vol 94, Issue 3/4, p12
- ISSN
0732-8435
- Publication type
Article