ACCOUNTING REGULATION

Accounting Regulation

Accounting Regulation

Introduction

Accounting information disseminated by the company nurtures numerous decisions, is not only economic but also political. Some of these decisions are far reaching. The highest degree the different groups affected by these rules: companies, audit firms, state, stock market investors, banks and other users.

The term 'normalization' and 'regulation' does seem to give a translation restrictive: they refer to a particular institutional framework and not only partially convey the social dimension. We can talk, indeed, control the social sense about the production process of accounting rules as these, while seeking to control the production and dissemination of accounting, are also rules arbitration of conflicts and interests among different stakeholders. The regulation is for us the mechanism or process by which to create or transform the accounting rules, regardless of its institutional framework, however, the conditions. It is at this phenomenon and how it was treated in the literature that we are interested.

Many researchers have considered the 'control' book as a simple training process and rules have drawn on many activities pursued on this subject in other areas. We identified three main perspectives for the study of 'regulation' accounting: economic, socio-political and sociological.

The accounting regulation from an economic perspective

Some goods traded in the market, the so-called collective goods, have characteristics such as their production requires compliance with rules. Their case has inspired many economists. Theories and models that economists have developed interest us because they were applied to the 'regulation' accountant.

An economic conception of 'regulation' accounting

Financial statements or, more generally, accounting information can be, according to them, considered a good traded between 'producers' and 'consumers' of accounting. Of course, these actors are rational and act only if the benefits generated by their actions exceed the costs incurred. But this private market is amended by formulating rules, because the essential accounting information is a very particular one hand, this is a public good in the sense that consumption by one person does not reduce the amount available for consumption of others on the other hand, this is one to which are attached stakes since, in a sense, the accounting determines the allocation of wealth within the economic system. Consequently, the formulation of rules is needed to obtain, in the public interest, a better allocation of resources. The 'regulation' is in fact a regulation in the economic sense (Macintosh 1981, 39).

The regulation book and exercise influence

The exercise of influence is defined as the efforts of individuals or ...