Abstract This article focuses on professional practice in England and the U.S. In the present era of expanding international commerce, professional public accountants of each nation are continually increasing their contacts with accountants of other countries. In the interests of world wide financial communication, it is desirable that the conventions and behavioral standards of each segment of this world-wide accountancy profession he as clearly understood as possible. One of the distinguishing marks of a profession is the concept of ethical practice subscribed to by its members. The American accountant finds in the English fabric of ethical conduct much that is identical to his own concept. Both accounting groups restrict the practice in the member's name to members of the Institute of Certified Public Accountants. Both restrict the use of the institute's name to firms composed oil of their members. Both require that the member, even when not practicing as a public accountant, follow the guidance rules laid down by his accounting institute.
Lawrence et al. (Sat,) studied this question.