In response to accounting scandals that have rocked the accounting profession worldwide,the area of ethics has attracted increased attention and has led many to question the ethicalreasoning of accountants. Much of the research in the area has focused on developingnumerous models to better understand individuals’ ethical decision-making process as‘understanding why and how individuals and groups make ethical decisions in abusiness context should improve the ethical decisions made in the organizationalcontext’ (Loe et al., 2000, p. 200). The benefits of improved ethical decision-makingare wide-ranging and, for example, better ethical decision-making processes may haveresulted in a different audit opinion on Enron (Jones et al., 2003). Overall, if ethical beha-viour in business is to be improved, it is essential that the factors affecting ethical decision-making are understood (Barnett and Valentine, 2004) and are incorporated into the moraleducation of accountants.