Skip to main navigation menu Skip to main content Skip to site footer

Regulation or deregulation of the accounting profession in a sustainable economy? Evidence from Poland

Abstract

Objective: The article aims to examine how accountants assess the effects of deregulation in the accounting profession in Poland. Our study also included accountants’ expectations regarding the regulation of the accounting profession in the future.

Research Design & Methods: The article presents an analysis and assessment of deregulation’s impact on the quality of accounting services, the prestige of the profession, and business security, which, in our opinion, are the indicators of the sustainable development of the accounting profession. The data source was the responses of 3307 respondents in a survey conducted by the Accountants Association in Poland.

Findings: Accountants with higher, documented qualifications see more negative consequences of deregulation than accountants without such qualifications. However, a similar relationship was not observed when analysing the age, position, or size of the company with which the accountant was associated.

Implications & Recommendations: The research results indicated disruptions in the functioning of the main pillars of sustainable development of the accounting profession and the need to introduce changes in the regulatory sphere of this profession, including the partial re-introduction of the professional certification.

Contribution & Value Added: Our study contributes to enhancing the knowledge regarding the consequences of introducing deregulation in the accounting profession in Poland from the perspective of a sustainable economy. The results of our study are the starting point for the next research stage concerning the impact of international conditions in the accounting profession on economic development in other countries.

Keywords

accounting profession, accounting, sustainable economy, deregulation of the accounting profession in Poland

pdf

Author Biography

Stanisław Hońko

Associate Professor at University in Szczecin, Poland. Habilitated doctor in finance (2015). PhD in economics (2007), Chartered Accountant Association of Accountants in Poland, Tax adviser, The member of the Polish Committee of Accounting Standards. Scientific interests: financial reporting, history of accounting, accounting profession.

Marzena Strojek-Filus

Associate Professor at the Faculty of Finance, Department of Accounting, University of Economics in Katowice, Poland. Habilitated doctor in economics (2014). PhD in economics (1999). The main areas of her scientific interest are financial and non-financial reporting, accounting for business combinations, and environmental accounting.

Katarzyna Świetla

Associate Professor, Department of Financial Accounting, Institute of Finance, Cracow University of Economics (Poland). Habilitated doctor in economics (2015). PhD in economics (2001). Director of postgraduate studies ‘Financial Accounting CUE-ACCA.’ Her research interests concern outsourcing modern accounting, capital groups, and consolidated statements.


References

  1. Accountancy Europe (2018). Events, Good Governance & Sustainable Economy. Retrieved from https://www.accountancyeurope.eu/topic/good-governance-sustainability/?type=events on July 1, 2023.
  2. Alexander, D., & Archer, S. (2003). On Economic reality, Representational Faithfulness and the “True and Fair Override”. Accounting and Business Research, 33(1), 3-17. Advance online publication.
  3. Argyris, Ch. (1991). Teaching Smart People How To Learn. Harvard Business Review, (May-June), 99-109. Retrieved from https://hbr.org/1991/05/teaching-smart-people-how-to-learn on July 1, 2023.
  4. Arquero Montan, J.L., Donoso Anes, J.A., Hassall, T., & Joyce, J. (2001). Vocational skills in the accounting professional profile: the Chartered Institute of Management Accountants (CIMA) employers’ opinion. Accounting Education, 10(3), 299-313. https://doi.org/10.1080/09639280210122339
  5. Aryanti, C., & Adhariani, D. (2020). Students’ perceptions and expectation gap on the skills and knowledge of accounting graduates. The Journal of Asian Finance, Economics and Business, 7(9), 649-657.
  6. Aspin, D.N., Chapman, J.D., Hatton, M., & Sawano, Y. (2001). International Handbook of Lifelong Learning, Springer, New York, NY.
  7. Bellou, V. (2010). Organizational culture as predictor of job satisfaction: the role of gender and age. Career Development International, 15, 4-19. https://doi.org/10.1108/13620431011020862
  8. Billett S. (2010). Lifelong learning and self: work, subjectivity and learning, Studies in Continuing Education, 32(1), 1-16, https://doi.org/10.1080/01580370903534223
  9. Botes, V., Low, M., & Chapman, J. (2014). Is accounting education sufficiently sustainable?, Sustainability Accounting, Management and Policy Journal, 5(1), 95-124. https://doi.org/10.1108/SAMPJ-11-2012-0041
  10. Braithwaite, J. (2006). Responsive regulation and developing economies. World Development, 34(5), 884-898. https://doi.org/10.1016/j.worlddev.2005.04.021.
  11. Brinkmann, J. (2002). Marketing ethics as professional ethics: Concepts, approaches, and typologies. Journal of Business Ethics, 41(1/2), 159-177.
  12. Bui, B., & Porter, B. (2010). The expectation-performance gap in accounting education: An exploratory study. Accounting Education: An International Journal, 19(1-2), 23-50.
  13. Buszko, M., & Ciechan-Kujawa, M. (2020). Influence of Deregulation on Sustainable Development of Sector of Professional Financial and Accounting Services in Poland: An Empirical Study. Finance and Sustainability, Springer Proceedings in Business and Economics book series (SPBE), 277-289. Retrieved from https://link.springer.com/chapter/10.1007/978-3-030-34401-6_23 on July 2, 2023.
  14. Caramanis, C.V. (2002). The interplay between professional groups, the state and supranational agents: Pax Americana in the age of ‘globalisation’. Accounting Organizations and Society, 2(4-5), 379-408, https://doi.org/10.1016/S0361-3682(01)00006-X
  15. Commission of the European Communities (2000). A Memorandum on Lifelong Learning, Commission staff working paper, Brussels, 30.10.2000 SEC (2000) 1832, p.3
  16. Conceptual Framework for Financial Reporting, IFRS Foundation (2018). Retrieved from https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/conceptual-framework-for-financial-reporting.pdf on July 1, 2023.
  17. Czarniawska, B. (2008). Accounting and gender across times and places: An excursion into fiction. Accounting, Organization and Society, 33, 33-47. https://doi.org/10.1016/j.aos.2006.09.006
  18. Dambrin, C., & Lambert, C. (2012). Who is she and who are we? A reflexive journey in research into the rarity of women in the highest ranks of accountancy. Critical Perspectives of Accounting, 23, 1-16.
  19. Drewery, W., Sproule, R., & Judemne Pretti, T. (2020). Lifelong learning mindset and career success: evidence from the field of accounting and finance. Emerald Insight, Retrieved from https://www.emerald.com/insight/2042-3896.htm on July 1, 2023.
  20. Garvey, A.M., Parte, L., McNally, B., & Gonzalo-Angulo, J.A. (2021). True and Fair Override: Accounting Expert Opinions, explanations from behavioral theories, and discussions for sustainability accounting”. Sustainability, 13, 1928; https://doi.org/10.3390/su13041928.
  21. Grama, J.L. (2015). Legal issues in information security, second edition. Burlington, MA: Jones & Bartlett Learning Press.
  22. Green, A. (2006). Models of Lifelong Learning and the ‘knowledge society’. A Journal of Comparative and International Education, 36(3), 307-325.
  23. International Education Standard 7 (2018). Continuing Professional Development (Revised), Retrieved from https://www.ifac.org/system/files/publications/files/IAESB-International-Education-Standard-7_0.pdf on July 1, 2023.
  24. Ijiri, Y. (1975). Theory of Accounting Measurement. Studies in Accounting Research, 10, American Accounting Association, Sarasota.
  25. Jackling, B., & de Lange, P. (2009). Do accounting graduates’ skills meet the expectations of employers? A matter of convergence or divergence. Accounting Education: An International Journal, 18(4-5), 369-385.
  26. Jaijairam, P. (2017). Ethics in accounting. Journal of Finance and Accountancy, Retrieved from https://www.researchgate.net/profile/Paul-Jaijairam/publication/321167489_Ethics_in_Accounting/links/5a12cef4aca27287ce2a9b50/Ethics-in-Accounting.pdf on April 2, 2023.
  27. Jennings, M.M. (2004). Incorporating ethics and professionalism into accounting education and research: A discussion of the voids and advocacy for training in seminal works in business ethics. Issues in Accounting Education, 19(1), 7-26. https://doi.org/10.2308/iace.2004.19.1.7
  28. Kabalski, P. (2021). Księgowość w Polsce jako zawód kobiecy. Wydawnictwo IUS PUBLICUM, Katowice.
  29. Kavanagh, M.H., & Drennan, L. (2008). What skills and attributes does an accounting graduate need? Evidence from student perceptions and employer expectations. Accounting & Finance, 48(2), 279-300.
  30. Kermis, G., & Kermis, M. (2010). Professional presence and soft skills: A role for accounting education. Journal of Instructional Pedagogies, 2, 1-10.
  31. Kliestik, T., Blazek, R., & Belas, J. (2022). CEO monitoring and accounting record manipulation: Evidence from Slovak agriculture companies. Economics and Sociology, 15(4), 204-218. https://doi.org/10.14254/2071-789X.2022/15-4/10
  32. Krebs, D.L., Vermulen, S.C., Lenton, K.L., & Carpendale, J.I. (1994). Gender and perspective differences in moral judgment and moral orientation. Journal of Moral Education, 23, 17-26.
  33. Kumari, N. (2014). Most to Least Preferred Parameters Affecting the Quality of Education: Faculty Perspectives in India. Journal of Asian Finance, Economics and Business, 1(3), 37-42. https://doi.org/10.13106/jafeb.2014.vol1.no3.37
  34. Lehman, C. (2012). We’ve come a long way! Maybe! Re-imagining gender and accounting. Accounting, Auditing & Accountability Journal, 25, 256-294. https://doi.org/10.1108/09513571211198764
  35. Low, M., Davey, H., & Hooper, K. (2008). Accounting scandals, ethical dilemmas and educational challenges. Critical Perspectives on Accounting, 19, 222-254.
  36. Maines, L., & Wahlen, J.M. (2006). The nature of accounting Information Reliability: Inferences from Archival and Experimental Research. Accounting Horizons, 20(4), 399-425. https://doi.org/10.2308/acch.2006.20.4.399
  37. Malan, M., & Stegmann, N. (2018). Accounting students’ experiences of peer assessment: A tool to develop lifelong learning, South African Journal of Accounting Research, Aug 2018, 205-224. Retrieved from https://www.tandfonline.com/doi/abs/10.1080/10291954.2018.1487503 on November 25, 2022.
  38. Mattessich, R. (1995). Critique of accounting. Examinations of the foundations and normative structure of an applied discipline. Quorum Books, Westport.
  39. Moeinadin, M., Heirany, F., & Khoshnood, E. (2014). The effect of the reliability of accounting information on systemic risk on listed companies at Tehran Stock Exchange. International Journal of Academic Research in Economics and Management Sciences, 3(1), 1-11. https://doi.org/10.6007/IJAREMS%2Fv3-i1%2F502
  40. Moyes, G.D., Owusu-Ansah, S., & Ganguli, G. (2006). Factors Influencing the Level of Job Satisfaction of Hispanic Accounting Professionals: A Perceptual Survey. The Journal of Business and Economic Studies, 12(1), 12-26.
  41. Nishiyama, Y., Camillo, A.A., & Jinkens, R.C. (2014). Gender and motives for accountancy. Journal of Applied Accounting Research, 15(2), 175-196.
  42. OSCBR (2022). Przyszłość zawodu księgowego – prekonsultacje. Retrieved from https://akademialtca.pl/wp-content/uploads/2022/09/Stanowisko-LTCA-i-OSCBR-w-toku-prekonsultacji-na-temat-przyszlosci-zawodu-ksie%CC%A8gowego.pdf on July 1, 2023.
  43. Otalor, J.I., & Eiya, O. (2013). Ethics in accounting and the reliability of financial information. European Journal of Business and Management, 5(13), 73-81.
  44. Özsözgün Çaliskan, A. (2014). How accounting and accountants may contribute in sustainability?. Social Responsibility Journal, 10(2), 246-267. https://doi.org/10.1108/SRJ-04-2012-0049
  45. Padgett, M., Paulson, K., & Born, C.J. (2005). The Relationship between Pre-Employment Expectations, Experiences and Length of Stay in Public Accounting. Journal of Leadership & Organizational Studies, 12(1), 82-102. Retrieved from http://journals.sagepub.com/doi/pdf/10.1177/107179190501200108 on December 1, 2017.
  46. Paolillo, J.G.P., & Estes, R.W. (1982). An empirical analysis of career Choice factors among accountants, attorneys, engineers and physicians. Accounting Review, 57, 785-793.
  47. Parker, L.D. (2005). Corporate governance crisis down under: Post-Enron accounting education and research inertia. European Accounting Review, 14(2), 383-394, https://doi.org/10.1080/09638180500126876
  48. Piosik, A., Strojek-Filus, M, Sulik-Górecka, A., & Szewieczek, A. (2019). Gender and age as determinants of job satisfaction in the accounting profession. Evidence from Poland. Sustainability, 11(11). https://doi.org/10.3390/su11113090
  49. Resolution No. 757/202/2010 of the Presidium of the Main Board of the Accountants Association in Poland of November 23, 2010 regarding the publication of a uniform text of Resolution No. 732/111/2009 of the Main Board of the Accountants Association in Poland of July 20, 2009 on the certification of the accounting profession.
  50. Schuetze, H.G., & Casey, C. (2006). Models and meanings of Lifelong Learning: progress and barriers on the road to a Learning Society, A Journal of Comparative and International Education, 36(3), 279-287. https://doi.org/10.1080/03057920600872365
  51. Shaub, M.K., & Fischer, D.G. (2008). Beyond agency theory: Common values for accounting ethics education, In D.L. Swanson, & D.G. Fischer (Eds.), Advancing business ethics education. Information Age Publishing Charlotte, NC.
  52. Smith, L.M., & Bain C. (1990). The Challenge of Professional Accounting Ethics. Internal Auditing (Spring), 20-31.
  53. Stryzhak, O., Tupa, M., & Rodzik, J. (2022). Relationship between the level of human development and institutional quality. Economics and Sociology, 15(2), 274- 295. https://doi.org/10.14254/2071-789X.2022/15-2/17
  54. Sustainable Development Goals, United nations Organization. (2023). Retrieved from https://www.un.org.pl/cel12 on July 1, 2023.
  55. Wielkiewicz, R.M., & Meuwissen, A.S. (2014). A lifelong learning scale for research and evaluation of teaching and curricular effectiveness. Teaching of Psychology, 41(3), 220-227. https://doi.org/10.1177/0098628314537971

Downloads

Download data is not yet available.

Similar Articles

<< < 4 5 6 7 8 9 10 11 12 13 > >> 

You may also start an advanced similarity search for this article.