accounting firms – which generally reduce the
frequency of interactions with peers as well as the
individual’s reliance on core area knowledge. New
entrants are therefore unlikely to be inculcated with
deeply ingrained notions of auditor independence
(Bailey, 1995).10 Today’s new entrants are also constantly
exposed to commercial discourses sustained
outside of their employing accounting firm – even in
formal pronouncements of accounting institutes
(Fogarty et al., 2005; Shafer and Gendron, 2005).