CRITICAL THEORY

PRAT A

From/According to the critical perspective, what is the role of IASB conceptual framework for financial reporting ??

KEY POINTS

-CF provides social legitimacy to the accounting profession

-CF source of power to accounting profession

-Instrument to maintain existing social structure

all above should be based on critical theory

PART B

If it is accepted that there are many inequities within society , would critical theorists argue that introducing more accounting , or improved method of accounting, would or could help, or would there argue that such a strategy will only compound exsisting problem ?

Need to explain the answer

KEY POINTS

• introducing more accounting is not going to solve the inequalities they currently perceive exist within society