What Constitutes an Act Discreditable to the Profession? A Philosophical Look at a Practical Ethical Question

7 Pages Posted: 20 Dec 2000

See all articles by Robert W. McGee

Robert W. McGee

Fayetteville State University - Department of Accounting

Abstract

Rule 501 of the AICPA's Code of Professional Conduct prohibits acts that are discreditable to the profession. A few examples are given but the Rule is basically open-ended. Supposedly aimed at protecting the public interest, the Rule can be quite self-serving. Rather than protecting the public, application of the Rule can be used to protect the profession, perhaps at the expense of the general public or at the expense of individual rights. The author suggests that the Rule be repealed.

Keywords: Ethics; Acts discreditable; Rent-seeking; Accounting; Code of Professional Responsibility

JEL Classification: K20, J70, D63, M49

Suggested Citation

McGee, Robert W., What Constitutes an Act Discreditable to the Profession? A Philosophical Look at a Practical Ethical Question. Available at SSRN: https://ssrn.com/abstract=251474 or http://dx.doi.org/10.2139/ssrn.251474

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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