Realism in Financial Reporting: What’s Really at Stake in the Disputes
47 Pages Posted: 30 Jul 2013
Date Written: February 20, 2008
This paper develops the arguments in several recent papers in both the philosophical literature and the accounting literature concerning the nature of economic reality and the stake of preserving realism as an ontological presupposition in financial reporting. We base much of our analysis on Searle (1965, 1995) as well as on his later works (Searle 2005, 2006a, 2006b) which have not yet been taken into consideration in accounting ontological debates, and his claims to defend a heavily nuanced (read: watered down) version of external reality. The analysis is a critical one, as we fear that both the attempts to explain the ontology of accounting information by means of different philosophical theories, as well as the very theories chosen for such purposes are subject to inconsistencies which need to be made explicit in the account.
Keywords: external realism in financial reporting, ontology of accounting objects, Searle's social construction of reality theoretic
Suggested Citation: Suggested Citation