Scenario Assume you are a partner in an international accounting firm responsible for client relationship management. One of your clients is a large international public company that is proposing to close its operations in Australia and consequently 8,000 employees will be made redundant and has asked for your advice regarding the disclosure of this information. Your recent research into how business typically argues in favor of maintaining the voluntary status of social and environmental performance reporting is very relevant to your client’s situation, so you use this as a starting point for your advice.

Required ((b) Evaluate the common background shared by systems-oriented theories and explain in your own words how they can be used to explain voluntary corporate reporting practices? Link to the given case

Reference: Financial Accounting Theory By Craig Deegan

Answer rating: 100% (QA)

System oriented theories are theories that explain accounting disclosure which are concerned with reasons why top management opt to provide specific i... View the full answer