Scenario Assume you are a partner in an international accounting firm responsible for client relationship management. One of your clients is a large international public company that is proposing to close its operations in Australia and consequently 8,000 employees will be made redundant and has asked for your advice regarding the disclosure of this information. Your recent research into how business typically argues in favour of maintaining the voluntary status of social and environmental performance reporting is very relevant to your clients situation, so you use this as a starting point for your advice.

Required

(a) Discuss the two key perspectives you have researched about why business would generally prefer to select its own methods of accounting for social and environmental performance rather than having methods imposed on them. Link to the given case