e-journal

Understanding the responses of professional accounting bodies to crises

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Purpose – The purpose of this Australian case study, set in the 1960s, is to comprehensively examine
the responses of the two major professional accounting bodies to a financial/corporate/regulatory
crisis necessitating the defence of the profession’s legitimacy.
Design/methodology/approach – This historical paper draws on surviving primary records and
secondary sources and applies the perspectives on the dynamics of occupational groups and the
legitimacy typology of Suchman.
Findings – While the history of the accounting profession has been characterized by
intra-professional rivalries, this case study illustrates how such rivalries were put aside on
recognising the power of collectivizing in defending the profession’s legitimacy. Based on the available
evidence, pragmatic legitimacy is shown to have been a key focus of attention by the major accounting
bodies involved.
Research limitations/implications – The paper may motivate similar studies in Australia and
elsewhere, thus potentially contributing to developing a literature on comparative international
accounting history. The evidence for this historical investigation is largely restricted to surviving
documents, making it necessary to rely on assessments of the key sources.
Originality/value – In addressing responses to crises in defending the legitimacy of the profession
as a whole, the paper makes an original contribution in exploring the relationship between literature
on the dynamics of occupational groups and on legitimacy management.

Keywords Corporate collapse, Crisis, Accounting history, Australia, Professionalisation, Legitimacy,
Case studies

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Ketersediaan

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Informasi Detail

Judul Seri

Accounting, Auditing & Accountability Journal

No. Panggil

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Penerbit

: Emerald Group., 2012

Deskripsi Fisik

Accounting, Auditing & Accountability Journal Vol. 25 No. 5, 2012 pp. 835-875

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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