Critical Accounting Theory: Unveiling Power Dynamics and Enhancing Accountability - An Empirical Study on Existing Literature

Most. Mukta Khatun & and Md. Sagar Hossain
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Most. Mukta Khatun &: Bangladesh Army University of Science and Technology, Saidpur, Nilphamari, Bangladesh.
Md. Sagar Hossain: Barapukuria Coal Fired Thermal Power plant, Bangladesh Power Development Board, Parbatipur, Dinajpur, Bangladesh.

International Journal of Science and Business, 2023, vol. 25, issue 1, 106-116

Abstract: This article reconnoiters the critical accounting theory, focusing on its ability to unveil power dynamics and enhance accountability within organizations. Through an empirical study of existing literature, we examine the theoretical framework of critical accounting theory and its practical implications for understanding the complex interplay between power dynamics and accounting practices. The study aims to shed light on how accounting systems and practices can reinforce or challenge power structures within organizations and their broader societal implications. Drawing upon a comprehensive review of scholarly articles, case studies, and empirical research, we identify key themes and concepts within critical accounting theory. The empirical analysis provides insights into how critical accounting theory has been applied in various contexts, such as corporate governance, financial reporting, and sustainability accounting. The findings reveal that critical accounting theory offers a valuable lens for understanding the underlying power dynamics that influence accounting practices. Furthermore, the article discusses the implications of critical accounting theory for policymakers, regulators, and practitioners. It emphasizes the importance of considering power dynamics and social contexts in designing accounting standards, regulations, and corporate governance mechanisms. In conclusion, this article contributes to the growing body of literature on critical accounting theory by providing an empirical analysis of its application and implications. It underscores the need for a critical perspective in accounting research and practice, acknowledging the power dynamics at play and their potential consequences. By unveiling these dynamics and promoting accountability, critical accounting theory can drive positive change and foster a more just and responsible business environment.

Keywords: Critical accounting Theory (CAT); Accountability; Positive Accounting Theory; Economic system; Stewardship Theory (search for similar items in EconPapers)
Date: 2023
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