Accounting in crises or rises?

Research output: Contribution to conferenceConference paper presented at Conference (not in Proceedings)Researchpeer-review

Abstract

The HIH Group failure has challenged the credibility of the accounting profession and various stakeholders in Australia have questioned the relevance of financial reporting for decision making. This paper examines the recent historical developments of the Australian accounting profession as a corporative association in a social setting and its ups and downs of authoritative influence in accounting standard setting and financial reporting. It then outlines the submissions made by the accounting profession, actuaries, and regulatory institutions in relation to the HIH Group failure. These deliberations are analysed in relation to the profession promoting functionally defined interests, offering stable compromises, to the questioning of the legitimacy of techniques and the demand to re-structure inevitable inequalities. Finally, the paper offers suggestions as to how the profession can reconstruct itself to regain its lost authority.
Original languageEnglish
Publication statusPublished - 2003
Externally publishedYes
EventAccounting History International Conference -
Duration: 1 Jan 2011 → …

Conference

ConferenceAccounting History International Conference
Period1/01/11 → …

Fingerprint

Accounting profession
Financial reporting
Stakeholders
Decision making
Deliberation
Credibility
Accounting standard setting
Compromise
Actuaries
Legitimacy
Authority

Cite this

Abeysekera, I. (2003). Accounting in crises or rises?. Paper presented at Accounting History International Conference, .
Abeysekera, Indra. / Accounting in crises or rises?. Paper presented at Accounting History International Conference, .
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title = "Accounting in crises or rises?",
abstract = "The HIH Group failure has challenged the credibility of the accounting profession and various stakeholders in Australia have questioned the relevance of financial reporting for decision making. This paper examines the recent historical developments of the Australian accounting profession as a corporative association in a social setting and its ups and downs of authoritative influence in accounting standard setting and financial reporting. It then outlines the submissions made by the accounting profession, actuaries, and regulatory institutions in relation to the HIH Group failure. These deliberations are analysed in relation to the profession promoting functionally defined interests, offering stable compromises, to the questioning of the legitimacy of techniques and the demand to re-structure inevitable inequalities. Finally, the paper offers suggestions as to how the profession can reconstruct itself to regain its lost authority.",
author = "Indra Abeysekera",
year = "2003",
language = "English",
note = "Accounting History International Conference ; Conference date: 01-01-2011",

}

Abeysekera, I 2003, 'Accounting in crises or rises?' Paper presented at Accounting History International Conference, 1/01/11, .

Accounting in crises or rises? / Abeysekera, Indra.

2003. Paper presented at Accounting History International Conference, .

Research output: Contribution to conferenceConference paper presented at Conference (not in Proceedings)Researchpeer-review

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AB - The HIH Group failure has challenged the credibility of the accounting profession and various stakeholders in Australia have questioned the relevance of financial reporting for decision making. This paper examines the recent historical developments of the Australian accounting profession as a corporative association in a social setting and its ups and downs of authoritative influence in accounting standard setting and financial reporting. It then outlines the submissions made by the accounting profession, actuaries, and regulatory institutions in relation to the HIH Group failure. These deliberations are analysed in relation to the profession promoting functionally defined interests, offering stable compromises, to the questioning of the legitimacy of techniques and the demand to re-structure inevitable inequalities. Finally, the paper offers suggestions as to how the profession can reconstruct itself to regain its lost authority.

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Abeysekera I. Accounting in crises or rises?. 2003. Paper presented at Accounting History International Conference, .