Developing sustainable reporting standards
Year: 2008
Type: article
Abstract: Purpose This paper aims to evaluate the development of reporting standards for both financial reporting and for corporate social responsibility (CSR) reporting. It aims to argue that both International Financial Reporting Standards and US Generally Accepted Accounting Principles are vehicles of colonial exploitation and cannot be sustainable. This can be contrasted with the voluntary approach to the development of CSR reporting standards. Design/methodology/approach The methodological approach is dialectical, and is based upon diagnosis and concomitant prognosis. Findings The findings take the form of an evaluation of progress so far in the harmonisation of financial reporting standards, the development of CSR reporting standards and the consequences are contrasted with the rhetorical justification. From this a prognosis is developed. Research limitations/implications The implications are a projection into the future and therefore subject to limitations. Originality/value This paper increases the understanding of the relationship between standards development and exploitation and the implications for the longer term.
Authors: Güler Aras, David Crowther
Institutions: Yıldız Technical University, De Montfort University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2016314749