Question 4 - Critical Theory a. Define the critical perspective of accounting. From a critical perspective, can financial statements ever be considered objective or neutral? Justify your position. (10 marks) b. CPA Australia (2005) made a submission to the Australian Government inquiry into corporate social responsibility in which it stated: While there is strong public (88%) and shareholder (86%) support for Government to mandate the reporting of companies'social and environmental reporting this is not reflected in the views of business leaders (53%). CPA Australia believes this reflects a valid business concern that mandatory reporting would not enhance the value of information provided and introduce an unnecessary layer of regulation. Evaluate this statement from CPA Australia from a "critical" perspective. (10 marks)