Description
Accountancy as at the moment practised is tied to the paradigm of brand new financial capitalism with its reliance on market solutions and the maximization of the firm’s profits, that are the fundamental causes of most these problems.
The Social Function of Accounts argues that accountancy, as currently organized and practised, is failing society, both in Britain and on this planet as a whole. Examining the current problems afflicting the world: financial crises and instability, global warming, degradation of our surroundings, growing inequality, this book asks the question – what contribution does accountancy make to the solution of these problems? The book argues that the accountancy profession does not serve the public interest, notwithstanding its claim to this effect.
The Social Function of Accounts argues that the moral responsibility of the accountant is analysed with regards to the principal theories of ethics continuing that the individual accountant has a moral responsibility to believe the have an effect on of his actions on other people and on society as a whole. This responsibility is then analysed in a series of chapters dealing with four specific aspects of the matter: Distributive Justice, Sustainability, Financial reporting & the Accountancy Profession.
Concluding with a call for the accountancy profession to adopt a new ethic of service to the public The Social Function of Accounts redraws the boundaries of current accounting literature and can be essential reading for academics, researchers and policy makers in accounting and related disciplines.