Challenges in promoting and enforcing international ethical standards in emerging economies: The case of accounting and auditing in Mauritius

Matthew Lamport, Teerooven Soobaroyen and Neeveditah Pariag-Maraye

Chapter 17 in Research Handbook on Accounting and Ethics, 2023, pp 252-266 from Edward Elgar Publishing

Abstract: This chapter analyses the extent to which international pronouncements on ethics in accounting and auditing are interpreted and practiced in Mauritius, alongside the establishment of World Bank-recommended national regulatory and professional structures. Relying on documentary evidence and interviews with local practitioners and regulators, we find slow progress on investigation and disciplinary procedures by the local professional accountancy organisation and limited oversight by the regulator, despite the legislation being adopted more than fifteen years ago. How individuals perceive these regulatory structures and their modus operandi also reveals a preference for compromise and acting discretely in view of cultural sensitivities and socio-economic constraints. Our study also highlights the challenges of local professionals and institutions in grappling with the notion of public interest which is at the heart of international ethical standards and principles. In the main, ethical considerations appear to be subservient to commercial and other pragmatic.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800881020/9781800881020.00027.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20458_17

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().