The role of trust, relationships and professional ethics in the supply of external business advice by accountants to SMEs

Blackburn, Robert, Carey, Peter and Tanewski, George A. (2010) The role of trust, relationships and professional ethics in the supply of external business advice by accountants to SMEs. In: 50th AFAANZ Conference; 04 - 06 Jul 2010, Christchurch, New Zealand.

Full text available as:
[img]
Preview
Text
AFAANZ_Submission_15Feb_2010_(2).pdf

Download (450Kb) | Preview

Abstract

The accounting profession has actively adopted a broader service focus which includes business advice, but the scant extant research in the SME environment identifies only ex-ante demand determinants. Using in-depth interviews with SME owner-managers and external accountants, this study confirms the intervening role of trust, relationships, and professional ethics in the enabling of the provision of business advice. All SMEs purchase business advice, but not all use their external accountant. While all accountants interviewed perceived they have the expertise to provide business advice, not all SMEs agreed, suggestive of an expectation gap. However, when an SME does purchase business advice from their accountant, they view them as a business expert, a �trusted partner�, and a confidante who has empathy and provides a personal relationship to the owner-manager. Accountants do not aggressively market their business expertise, instead relying primarily on relationships formed while providing compliance work, �milestone events� or from SME networks or forums. An implication is the need for debate whether accountants should overtly market their non-compliance services.

Item Type: Conference or Workshop Item (Paper)
Event Title: 50th AFAANZ Conference
Organising Body: Accounting and Finance Association of Australia and New Zealand
Research Area: Business and management studies
Faculty, School or Research Centre: Faculty of Business and Law
Faculty of Business and Law > Small Business Research Centre
Depositing User: Robert Blackburn
Date Deposited: 20 Jan 2011 16:45
Last Modified: 16 Jul 2012 21:50
URI: http://eprints.kingston.ac.uk/id/eprint/18014

Actions (Repository Editors)

Item Control Page Item Control Page