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ACCOUNTING REGULATION: AN ALTERNATIVE PERSPECTIVE: A COMMENT
Author(s) -
Laughlin Richard C.,
Willmott Hugh
Publication year - 1984
Publication title -
journal of business finance and accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.282
H-Index - 77
eISSN - 1468-5957
pISSN - 0306-686X
DOI - 10.1111/j.1468-5957.1984.tb00775.x
Subject(s) - perspective (graphical) , accounting , interpretation (philosophy) , accounting information system , positive accounting , economics , abstraction , accounting standard , constraints accounting , investment (military) , positive economics , financial accounting , business , political science , epistemology , law , politics , computer science , philosophy , artificial intelligence , programming language
This paper presents a critique and development of a previous paper by Laughlin and Puxty. It argues that their worldview perspective is an advance on the established self‐interest perspective, but is critical of its abstraction of worldviews from their formation within institutional contexts. An alternative interpretation of accounting regulation is offered which relates accounting regulations and standards to the location and investment of the providers and users of accounting information within existing politico‐economic institutional arrangements.