Conceptual framework projects continue to be undertaken which rely on information qualities such as'representative faithfulness', 'neutrality', 'reliability', etc., which presume a concrete, objective world, even though past conceptual fameworks have not succeeded in generating accounting standards which achieve these qualities.The very talk, predicated on the assumption of an objective world to which accounts have privileged access via their 'measurement expertise', serves to construct a perceived legitimacy for the profession's power and autonomy".

What does Hines mean by this statement? Are conceptual frameworks an example of political action to ensure the legitimacy of the accounting profession, or do they exist for other reasons? Justify your response.

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In essence Hines is critiquing the idea that conceptual frameworks in accounting are often based on ... View the full answer