Accounting practices are deeply implicated in the inequitable distribution of income and wealth, a major cause of the economic crisis engulfing the neoliberal economies” (Sikka, 2015, 46). Critically discuss this statement with real-life examples. Sikka, P. (2015). The hand of accounting and accountancy firms in deepening income and wealth inequalities and the economic crisis: Some evidence. Critical Perspectives on Accounting, 30, 46-62.

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Without adequate purchasing power middle and low income households cannot make the purchases necessary for a sustained revival of the economic activity Accounting calculations and discourses play a ma... View the full answer