2022/04/20 by David A. Church
#White-collar criminality #accountability #individual and collective rights.
paper · doi:10.5526/esj96
This article studies the relationship between the intangible qualities of accountability and the hidden nature of white-collar criminality in the accounting profession. I will argue that the lack of definable accountability mechanisms and the poor public awareness of white-collar crime directly affect the transparency and likelihood of corporate wrongdoing. As the ambiguities of accountability traits rely on the complexities of organisational structures and cultures, crimes can often be concealed. In a modern context the connection between individual and collective rights and responsibilities is important due to the growing interdependence of globalised economies. I will argue that accountability often fails to deliver on such demands, revealing possible discrepancies in the time-line of historical accounting treatments and discovery of criminal activity. This study will begin by tracing the origin of key terminologies and follow theoretical reasoning as to why the current issue of professionalism is important. Furthermore, an examination will be made of past, current and future remedies that can establish reliable accountability measures and rebuild trust in accountancy. I will conclude by suggesting how the profession can strive for greater accountability.