Lehman (1995) provides a definition of accounting, this being that it is both the means for defending
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Lehman (1995) provides a definition of accounting, this being that it is ‘both the means for defending actions and the means for identifying which actions one must defend’. He further states that accounting information should ‘form part of a public account given by a firm to justify its behaviour’.
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Try to explain what Lehman is arguing in terms of the meaning of accounting, and the role it plays within society. Do you agree with Lehman?
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