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Handbook of Accounting, Accountability and Governance
This Handbook explores how accounting, accountability and governance are interconnected, and demonstrates that they must operate effectively together in establishing good personal and organizational behaviour in entities of all types around the globe. It will be crucial for academic researchers working within the fields of accounting, economics, corporate governance, accountability, management and business and be beneficial for accounting, economics and management professionals seeking to clarify and expand upon their knowledge for effective application.
More Information
Critical Acclaim
Contributors
Contents
More Information
This Handbook explores how accounting, accountability and governance are interconnected, and demonstrates that they must operate effectively together in establishing good personal and organizational behaviour in entities of all types around the globe. It will be crucial for academic researchers working within the fields of accounting, economics, corporate governance, accountability, management and business and be beneficial for accounting, economics and management professionals seeking to clarify and expand upon their knowledge for effective application.
The health of organizations, both financial and moral, and the success and stability of share markets and other markets is premised on relevant and reliable accounting information, proper accountability, and good governance. Chapters address a diverse range of organizations and settings and investigate new ways of holding organizations and their managers accountable, not just for financial but also for social and environmental performance. Effective accounting, accountability and governance are seen as requiring not just technical practices but also social and moral practices. Emphasizing their interconnectedness is necessary to achieve better outcomes for organizations, society and the planet.
This expansive Handbook will be crucial for academic researchers working within the fields of accounting, economics, corporate governance, accountability, management, and business and be beneficial for accounting, economics and management professionals seeking to clarify and expand upon their knowledge for effective application.
The health of organizations, both financial and moral, and the success and stability of share markets and other markets is premised on relevant and reliable accounting information, proper accountability, and good governance. Chapters address a diverse range of organizations and settings and investigate new ways of holding organizations and their managers accountable, not just for financial but also for social and environmental performance. Effective accounting, accountability and governance are seen as requiring not just technical practices but also social and moral practices. Emphasizing their interconnectedness is necessary to achieve better outcomes for organizations, society and the planet.
This expansive Handbook will be crucial for academic researchers working within the fields of accounting, economics, corporate governance, accountability, management, and business and be beneficial for accounting, economics and management professionals seeking to clarify and expand upon their knowledge for effective application.
Critical Acclaim
‘The Handbook by Carnegie and Napier (2023) contributes to unravelling the relationship between accounting, accountability, and governance. It acknowledges these concepts as social and moral practices that must be studied, adopted, regulated, and evaluated within their respective contexts, rather than as mere technical practices to be learned, adopted, and repeated. To achieve this aim, Prof. Carnegie and Prof. Napier enlisted the contributions of forty-five leading experts, structuring the Handbook into five parts comprising of 21 chapters. Each chapter is written with a rigorous scholarly approach and is designed to be thought-provoking, suggesting areas for possible future research on each topic.’
– Luigi Rombi, Journal of Management and Government
‘This compelling collection of chapters explores the triad of accounting, accountability and governance in all its variety – its history, practice, context and direction. Editors, Garry D. Carnegie and Christopher J. Napier, have assembled a group of leading scholars who provide many rich and diverse perspectives. At a time when the ability of democracy to “hold power to account” appears fragile, this Handbook provides an essential, perhaps urgent, resource and a gateway for scholars and policy makers alike.’
– Michael Power, London School of Economics and Political Science, UK
‘The editors of this book have put together an impressive line-up of contributions, providing a novel understanding of accounting, accountability, and governance from a plurality of countries, experiences and theoretical perspectives. Going beyond stereotypical views, they vividly capture the full breadth, depth, and complexity of challenging issues where governance, accountability and accounting intersect.’
– Ileana Steccolini, University of Essex, UK, and Bologna University, Italy
‘This is an overdue reference focussing on the critical links between governance, accountability and the roles of accounting. It presents an excellent balance between scholarly and practical perspectives on the concept of governance, and it also recognises a diversity of viewpoints through rich contextual examples. The Handbook delivers a timely resource for researchers and educators concerned about our society, and the accountability of organisations within it.’
– Carol Tilt, University of South Australia
‘The Handbook of Accounting, Accountability and Governance by Garry D. Carnegie and Christopher J. Napier is a must-reference source for academics and students who want to explore the past, present and possible futures for these important concepts in theory and practice. The editors have assembled 21 excellent chapters authored by some of the leading researchers in the accounting, accountability and governance fields.’
– James Guthrie, Macquarie University, and Member of the Order of Australia (AM)
– Luigi Rombi, Journal of Management and Government
‘This compelling collection of chapters explores the triad of accounting, accountability and governance in all its variety – its history, practice, context and direction. Editors, Garry D. Carnegie and Christopher J. Napier, have assembled a group of leading scholars who provide many rich and diverse perspectives. At a time when the ability of democracy to “hold power to account” appears fragile, this Handbook provides an essential, perhaps urgent, resource and a gateway for scholars and policy makers alike.’
– Michael Power, London School of Economics and Political Science, UK
‘The editors of this book have put together an impressive line-up of contributions, providing a novel understanding of accounting, accountability, and governance from a plurality of countries, experiences and theoretical perspectives. Going beyond stereotypical views, they vividly capture the full breadth, depth, and complexity of challenging issues where governance, accountability and accounting intersect.’
– Ileana Steccolini, University of Essex, UK, and Bologna University, Italy
‘This is an overdue reference focussing on the critical links between governance, accountability and the roles of accounting. It presents an excellent balance between scholarly and practical perspectives on the concept of governance, and it also recognises a diversity of viewpoints through rich contextual examples. The Handbook delivers a timely resource for researchers and educators concerned about our society, and the accountability of organisations within it.’
– Carol Tilt, University of South Australia
‘The Handbook of Accounting, Accountability and Governance by Garry D. Carnegie and Christopher J. Napier is a must-reference source for academics and students who want to explore the past, present and possible futures for these important concepts in theory and practice. The editors have assembled 21 excellent chapters authored by some of the leading researchers in the accounting, accountability and governance fields.’
– James Guthrie, Macquarie University, and Member of the Order of Australia (AM)
Contributors
Contributors: Abdullah Almulhim, Mohammed Alomair, Thankom Arun, Junaid Ashraf, Jill Atkins, Leopold Bayerlein, Nicola Beatson, Enrico Bracci, Niamh M. Brennan, Garry D. Carnegie, Nieves Carrera, Stewart Clegg, Ana Conceição, Francesca Cuomo, Paul de Lange, Matthew Egan, Ann-Christine Frandsen, Andrew Goddard, Darlene Himick, Keith Hoskin, Kelum Jayasinghe, Kaiying Ji, Gabriel Kaifala, Martin Kelly, Collette E. Kirwan, Alessandro Lai, Giulia Leoni, Mariannunziata Liguori, Maria Major, Karen McBride, Christopher J. Napier, Brendan O’Connell, Lee Parker, Christoph Pelger, Nadra Pencle, Stephanie Perkiss, Ronita Ram, Neeta Shah, Teerooven Soobaroyen, Riccardo Stacchezzini, Meredith Tharapos, Marco Trombetta, Eija Vinnari, Amanda Wilford, Alessandro Zattoni
Contents
Contents:
Introduction to the Handbook of Accounting, Accountability and Governance 1
Garry D. Carnegie and Christopher J. Napier
PART I PAST AND PRESENT PERSPECTIVES ON ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE
1 The interplay of accounting, accountability and governance 14
Garry D. Carnegie and Christopher J. Napier
2 Historical overview of governance and its relationship with accounting
and accountability 25
Alessandro Lai, Giulia Leoni and Riccardo Stacchezzini
3 Codes of governance 49
Francesca Cuomo and Alessandro Zattoni
4 Boards of directors and governing bodies 71
Niamh M. Brennan and Collette E. Kirwan
PART II MECHANISMS FOR ACCOUNTING, ACCOUNTABILITY
AND GOVERNANCE
5 Accounting, accountability and governance: the roles of financial reporting 99
Christoph Pelger
6 Mechanisms of accountability and governance: management accounting
and control 119
Maria Major, Ana Conceição and Stewart Clegg
7 Mechanisms of accountability and governance: audit, assurance, and
internal control 144
Nieves Carrera, Marco Trombetta, and Amanda Wilford
8 Paradigm shift or shifting mirage? The rise of social and environmental
accountability 168
Jill Atkins and Karen McBride
PART III ACCOUNTING, ACCOUNTABILITY AND GOVERNANCE
IN DIVERSE CONTEXTS AND SECTORS
9 Accounting, accountability and governance in junior stock markets 196
Neeta Shah
10 Accounting, accountability and governance in emerging economies:
a development perspective 215
Thankom Arun, Junaid Ashraf, Kelum Jayasinghe and Teerooven Soobaroyen
11 Higher education governance and accountability in developing
economies: the case of Sierra Leone 237
Lee Parker and Gabriel Kaifala
12 Public-sector accountability: a journey from performance measurement
to performance governance 258
Mariannunziata Liguori and Martin Kelly
13 Accounting, accountability and governance in non-governmental organizations 281
Andrew Goddard
14 Accounting, accountability and governance in hybrid organizations 306
Enrico Bracci and Nadra Pencle
PART IV NEW PERSPECTIVES ON ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE
15 Islamic accounting, accountability and governance 332
Abdullah Almulhim, Mohammed Alomair and Christopher J. Napier
16 Counter accounts, accountability and governance 349
Darlene Himick and Eija Vinnari
17 Spotlight Accounting in the context of accounting, accountability and
governance 369
Leopold Bayerlein and Stephanie Perkiss
18 Accounting, governing, and the historical construction of the
“governing subject” 398
Ann-Christine Frandsen and Keith Hoskin
PART V WHAT LIES AHEAD FOR ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE?
19 Opportunities for deficient accountability through IFRS group
accounting requirements 424
Matthew Egan, Kaiying Ji and Ronita Ram
20 COVID-19 and accounting, accountability and governance 448
Meredith Tharapos, Brendan O’Connell, Nicola Beatson and Paul de Lange
Contents vii
21 Prospects for accounting, accountability and governance 473
Christopher J. Napier and Garry D. Carnegie
Index 489
Introduction to the Handbook of Accounting, Accountability and Governance 1
Garry D. Carnegie and Christopher J. Napier
PART I PAST AND PRESENT PERSPECTIVES ON ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE
1 The interplay of accounting, accountability and governance 14
Garry D. Carnegie and Christopher J. Napier
2 Historical overview of governance and its relationship with accounting
and accountability 25
Alessandro Lai, Giulia Leoni and Riccardo Stacchezzini
3 Codes of governance 49
Francesca Cuomo and Alessandro Zattoni
4 Boards of directors and governing bodies 71
Niamh M. Brennan and Collette E. Kirwan
PART II MECHANISMS FOR ACCOUNTING, ACCOUNTABILITY
AND GOVERNANCE
5 Accounting, accountability and governance: the roles of financial reporting 99
Christoph Pelger
6 Mechanisms of accountability and governance: management accounting
and control 119
Maria Major, Ana Conceição and Stewart Clegg
7 Mechanisms of accountability and governance: audit, assurance, and
internal control 144
Nieves Carrera, Marco Trombetta, and Amanda Wilford
8 Paradigm shift or shifting mirage? The rise of social and environmental
accountability 168
Jill Atkins and Karen McBride
PART III ACCOUNTING, ACCOUNTABILITY AND GOVERNANCE
IN DIVERSE CONTEXTS AND SECTORS
9 Accounting, accountability and governance in junior stock markets 196
Neeta Shah
10 Accounting, accountability and governance in emerging economies:
a development perspective 215
Thankom Arun, Junaid Ashraf, Kelum Jayasinghe and Teerooven Soobaroyen
11 Higher education governance and accountability in developing
economies: the case of Sierra Leone 237
Lee Parker and Gabriel Kaifala
12 Public-sector accountability: a journey from performance measurement
to performance governance 258
Mariannunziata Liguori and Martin Kelly
13 Accounting, accountability and governance in non-governmental organizations 281
Andrew Goddard
14 Accounting, accountability and governance in hybrid organizations 306
Enrico Bracci and Nadra Pencle
PART IV NEW PERSPECTIVES ON ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE
15 Islamic accounting, accountability and governance 332
Abdullah Almulhim, Mohammed Alomair and Christopher J. Napier
16 Counter accounts, accountability and governance 349
Darlene Himick and Eija Vinnari
17 Spotlight Accounting in the context of accounting, accountability and
governance 369
Leopold Bayerlein and Stephanie Perkiss
18 Accounting, governing, and the historical construction of the
“governing subject” 398
Ann-Christine Frandsen and Keith Hoskin
PART V WHAT LIES AHEAD FOR ACCOUNTING,
ACCOUNTABILITY AND GOVERNANCE?
19 Opportunities for deficient accountability through IFRS group
accounting requirements 424
Matthew Egan, Kaiying Ji and Ronita Ram
20 COVID-19 and accounting, accountability and governance 448
Meredith Tharapos, Brendan O’Connell, Nicola Beatson and Paul de Lange
Contents vii
21 Prospects for accounting, accountability and governance 473
Christopher J. Napier and Garry D. Carnegie
Index 489
