Dr. Manoj Subhash KamatDr. Manasvi M. Kamat2025-03-012025-03-012025-03-01http://mescollege.ndl.gov.in/handle/123456789/55The paper attempts to analyse the fairly large primary data (N=132) gathered from responses to 57 statements on ethical issues and accounting practices administered on accountants including professionals, and accounting educators as well. Seven different factors that emerge from respondent’s acceptability of statements are identified by using Principal Component Method and further verified and tested by Confirmatory Factor Analysis and the Eigen Value analysis. The test for Internal Consistency (Cronbach’s alpha) and Inter-rater Reliability (ICC2 test) of our instrument mirrors the appropriateness and reasonability of this exploratory research. The perceived concerns over accounting profession and their sensitivity on ethics in accounting are measured across both groups using the non parametric Levene’s for differences. Lastly the respondent demographics as potential predictors of ethical perceptions are investigated through an empirical estimation of Ordered Probit Model.enArticle