Meeting the Corporate Reporting Needs of Government and Society

34 Pages Posted: 24 Feb 2013

See all articles by David J. Cooper

David J. Cooper

University of Alberta - Department of Accounting, Operations & Information Systems

Wayne Morgan

Independent

Date Written: January 1, 2013

Abstract

We review some of the ways in which corporate reporting might be more useful for the government’s management of the macro economy and for society’s needs for more comprehensive reporting of corporate social and environmental performance. We highlight the constitutive as well as the representational nature of corporate reporting and how accounting subtlety impacts the culture and focus of governments, societies and corporations. Prominent examples are the ways accounting encourages financialisation and fails to account for externalities and the environment. While many proposals for the reform of corporate reporting emphasis standards and rules, we suggest that a more deliberative approach has much to commend it. A move to deliberation, however, requires that accountants highlight the pervasive but often subtle impacts of accounting.

Keywords: crisis, stability, financialization, corporate reporting, sustainability accounting, integrated reporting, social audit, deliberation

Suggested Citation

Cooper, David J. and Morgan, Wayne, Meeting the Corporate Reporting Needs of Government and Society (January 1, 2013). University of Alberta School of Business Research Paper No. 2013‐02, Available at SSRN: https://ssrn.com/abstract=2222809 or http://dx.doi.org/10.2139/ssrn.2222809

David J. Cooper (Contact Author)

University of Alberta - Department of Accounting, Operations & Information Systems ( email )

Edmonton, Alberta T6G 2R6
Canada

Wayne Morgan

Independent

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