Accountants as "new guard dogs" of capitalism: stereotype or research agenda?
Article Abstract:
Gerald Hanlon examines the socialization process that takes place in the Big Six accounting firms in his book 'The Commercialisation of Accountancy: Flexible Accumulation and the Transformation of the Service Class.' His stated aim is not really to criticize the commercialization of accounting per se, as suggested by the book title, but to frame the accounting field as the new controllers of 'flexible accumulation,' a byproduct of the globalization and increasing complexity of the capitalist exploitation process. However, his focus on the Big Six firms prevents his definition of the socialization process from taking on broader significance. In addition, his reliance on neo-Marxist theories fails to completely assess the development of social credibility of accounting knowledge and the intricate interaction mechanisms between the Big Six and the local or national officials representing the majority of the accounting practice.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1997
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On the commercialization of accountancy thesis: a review essay
Article Abstract:
Gerald Hanlon should be commended for attempting to situate and interpret the shifting character of accountancy within the broader context of politico-economic development in his book 'The Commercialization of Accountancy: Flexible Accumulation and the Transformation of the Service Class.' In the tome, he argued that the advent of flexible accumulation, replacing Fordist thinking, has compelled a transformation of accountants' organization, control and ideological beliefs. Furthermore, he takes a Marxian perspective in arguing that the commercialization of accountancy is both a channel and a result of this transition. However, Hanlon's analysis is hampered by his failure to address non-audit business performed by accounting firms. He also did not fully explore the relationship between these firms and other major variables that contributed to such a commercialization.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1997
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Mediating interests: the accountant bodies' responses to the McFarlane Report
Article Abstract:
An analysis of the responses made by the UK's major accountancy bodies to the Auditing Practice Board's McFarlane Report discussion document about the role of auditors is presented. The claim that the bodies' obligation to serve public interest is a central feature that distinguishes them from trade unions and trade associations is examined. It is concluded that most of the major professional bodies are more concerned with promoting members' interests than with regarding public interest.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1997
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