Numerous studies have assessed the degree to which business schools have integrated ethics education into their business programs. A survey of accounting educators sponsored by the American Accounting Association (AAA) in conjunction with the National Association of State Boards of Accountancy (NASBA) indicated that less than half of business schools offered a separate course in ethics (Mastracchio, The CPA Journal, January 2005). A similar study of department chairs of colleges in New York found that only 66% of the respondents indicated that ethics was discussed in introductory accounting courses (Haas, The CPA Journal, June 2005). These results are consistent with the findings of Educating for the Public Trust (2003), commissioned by PricewaterhouseCoopers.
The Association to Advance Collegiate Schools of Business (AACSB) International is the leading accrediting organization, with 432 accredited institutions worldwide. Ethics education has been a required component in AACSB International-accredited school curricula for several years. The AACSB developed a web-based ethics resource center for its members, and in June 2004 published the guide Ethics Education in Business Schools.
The following study focused on accounting programs awarded separate accreditation by AACSB International. A thorough analysis of websites of each program, as well as course descriptions, was performed. Although results were not subsequently verified by contacting department chairs or reviewing course syllabi, they are robust enough to suggest that, even after extensive calls for ethics education were made, the subject of ethics has not been widely or extensively incorporated into the AACSB-accredited accounting curricula. Of the 162 accredited accounting departments, less than 30% offered a separate ethics course, which is considerably less than the AAA's survey of business schools in general. Individual course descriptions for undergraduates were examined to see if they included the word "ethics" (see the Exhibit).
Universities did not fare better at the graduate level. Less than 15% of the accredited accounting departments provided a separate graduate-level ethics course, and less than 25% offered other graduate courses with the word "ethics" in the course description.
This should give the profession some cause for concern, as several academic studies have indicated that ethics education can be beneficial in a number of ways. Ethics education makes accounting students aware that they will face choices that may harm someone involved, and it enables them to identify an ethical dilemma. Discussing potential ethical situations that students may encounter gives them the opportunity to identify ethical predicaments and how they should resolve the situation. If properly administered, accounting ethics education would allow students the opportunity to build upon their own ideas. It also demonstrates that there may be more than one correct way to react to a situation. In other words, ethics education can provide students the opportunity to see that there are uncertainties in the accounting profession, and how to handle them.
Accounting ethics education can encourage students to question their behavior, consider the behavior of others, and understand alternatives to ethical dilemmas. It also provides students …