Crticial Thinking in Today’s Accounting Education: A Reflection Note Following the International Ethics Standards Board for Accountants Consultation Paper ‘Professional Skepticism Meeting Public Expectations’

To provide optimal learning and career outcomes for accounting graduates, we propose complementing competency-based frameworks of accounting education with the cultivation of relevant mindsets. Building on insights from research in cognitive psychology, organizational leadership, and education, we define a mindset as a combination of cognitive filters and processes through which professionals interpret their professional environments and execute their professional responsibilities. We review the professional and academic literature and identify five key mindsets relevant for accounting graduates. Given the overarching obligation of accountants to protect the public trust, we treat the "public interest mindset" (focus on "we" vs. "I," integrity, and professionalism) as foundational in the accounting profession. The four other key mindsets include: 1) growth; 2) professional skepticism; 3) analytical/digital; and 4) global. In addition to providing a definition and discussion of the relevance of each mindset to accounting, we suggest potential pedagogical approaches for integrating these mindsets into 21st-century accounting education.

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Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on IESBA Consultation Paper: Improving the Structure of the Code of Ethics for Professional Accountants

Current Issues in Auditing ◽

10.2308/ciia-51099 ◽

2015 ◽

Vol 9 (1) ◽

pp. C12-C17 ◽

Cited By ~ 1

Author(s):

Gregory B. Gaynor ◽

Diane J. Janvrin ◽

Marshall K. Pittman ◽

Mikhail B. Pevzner ◽

Lourdes Ferreira White

Keyword(s):

Code Of Ethics ◽

Data Availability ◽

International Ethics ◽

Auditing Standards ◽

Consultation Paper ◽

Structure Code

SUMMARY Recently, the International Ethics Standards Board for Accountants (IESBA) solicited public comments on its Consultation Paper, Improving the Structure of the Code of Ethics for Professional Accountants. This commentary summarizes the contributors' views on the various questions asked in the IESBA Consultation Paper. Our comments submitted to IESBA appear below. Data Availability: The invitation to comment (which invited comments through February 4, 2015), with links to the consultation paper, is available at: http://www.ifac.org/publications-resources/improving-structure-code-ethics-professional-accountants/.

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Comments by the European Accounting Association on the International Accounting Education Standards Board Consultation Paper ‘Meeting Future Expectations of Professional Competence: A Consultation on the IAESB’s Future Strategy and Priorities’

Accounting in Europe ◽

10.1080/17449480.2016.1201578 ◽

2016 ◽

Vol 13 (2) ◽

pp. 295-303

Author(s):

Mara Cameran ◽

Domenico Campa

Keyword(s):

Professional Competence ◽

Accounting Education ◽

International Accounting ◽

Future Expectations ◽

Education Standards ◽

Future Strategy ◽

Consultation Paper

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Does Accounting Education Affect Professional Skepticism and Audit Judgment?

Jurnal Pengurusan ◽

10.17576/pengurusan-2018-52-18 ◽

2018 ◽

Vol 52 ◽

pp. 221-233 ◽

Cited By ~ 2

Author(s):

Dewi Fatmawati ◽

Arizona Mustikarini ◽

Inneke Puspita Fransiska

Keyword(s):

Accounting Education ◽

Professional Skepticism ◽

Audit Judgment

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Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the International Monitoring Group Consultation, Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest

Current Issues in Auditing ◽

10.2308/ciia-52089 ◽

2018 ◽

Vol 12 (1) ◽

pp. C1-C10 ◽

Cited By ~ 1

Author(s):

Denise Dickins ◽

Marcus M. Doxey ◽

Marshall A. Geiger ◽

Christine Nolder ◽

Pamela B. Roush

Keyword(s):

Public Interest ◽

Standard Setting ◽

Accounting Education ◽

Data Availability ◽

International Accounting ◽

International Ethics ◽

The Public ◽

Auditing Standards ◽

Monitoring Group ◽

International Audit

SUMMARY On November 9, 2017, the Monitoring Group (MG) overseeing international auditing standards issued a request for comment on its consultation paper (CP), Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest. The CP presents a broad array of proposals to reform and restructure the three current auditing standard-setting groups it oversees (International Accounting and Assurance Standards Board [IAASB], International Ethics Standards Board for Accountants [IESBA], and International Accounting Education Standards Board [IAESB]). The CP suggests combining the three boards into a single board, and solicited public comment on the following areas: (1) key areas of overall concern, (2) guiding principles, (3) options for reform of the standard-setting boards, (4) options for the Public Interest Oversight Board (PIOB), (5) role of the monitoring group, (6) administration, including Standard-Setting Board staff, (7) process considerations, and (8) funding. The comment period ended on February 9, 2018. This commentary summarizes the participating committee members' views on selected questions for respondents posed by the MG. Data Availability: The concept release, including questions for respondents, is available at: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD586.pdf

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