The Role of Accounting and the Accountancy Profession in Economic Development: A Research Agenda

24 Pages Posted: 5 Jun 2018

See all articles by Elmar R. Venter

Elmar R. Venter

University of Pretoria

Elizabeth A. Gordon

Temple University - Department of Accounting

Donna L. Street

University of Dayton - Accounting

Date Written: June 2018

Abstract

A widely held view in the accountancy profession and the donor community is that accounting and the accountancy profession play an essential role in economic development. However, our review of the academic literature finds limited empirical research evidence on the relation between accounting and the accountancy profession and economic development, including specifically whether any such relation is causal, and if so, the direction of the causality. Entities, including those comprising the donor community, policymakers, and professional accountancy organizations (PAOs), need evidence on the question of whether and how the accountancy profession contributes to economic development. Such research could assist donors in evaluating the outcomes of interventions aimed at building the capacity of PAOs in emerging and developing economies and inform future interventions. We summarize the limited academic research addressing the relation between PAOs and economic development and present insights from two roundtables facilitated by the International Association for Accounting Education and Research. We identify research opportunities and research design considerations. We hope our paper will stimulate accounting researchers to advance this literature.

Suggested Citation

Venter, Elmar R. and Gordon, Elizabeth A. and Street, Donna L., The Role of Accounting and the Accountancy Profession in Economic Development: A Research Agenda (June 2018). Journal of International Financial Management & Accounting, Vol. 29, Issue 2, pp. 195-218, 2018, Available at SSRN: https://ssrn.com/abstract=3189156 or http://dx.doi.org/10.1111/jifm.12080

Elmar R. Venter (Contact Author)

University of Pretoria ( email )

Elizabeth A. Gordon

Temple University - Department of Accounting ( email )

Philadelphia, PA 19122
United States
2152046422 (Phone)

Donna L. Street

University of Dayton - Accounting ( email )

Dayton, OH 45469
United States

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