Given the evidence presented here, it can be argued that practising CPAs share the concern of others in the business and governmental community about ethical behaviour of CPAs and the ability of the profession to voluntarily enforce compliance with ethical standards [25,26]. As is the case with other matters concerning the profession (i.e. the establishment of accounting principles and auditing standards), the accounting profession holds the belief that it is best positioned to monitor ethical behaviour and to enforce compliance with ethics standards [12].