A failure of accountancy professionalisation: corporate financial reporting and accounting knowledge
本研究通过分析英国历史事件，论证了由于会计职业化中缺乏抽象会计知识，公司财务报告难以实现根本性改革。会计职业与法律职业形成互利关系，导致会计规则依赖法定规定而非专业知识。
Purpose The purpose of this study is to analyse historical events to argue the improbable prospect of radical accounting reform in corporate financial reporting (CFR) due to the absence of abstract accounting knowledge as part of accountancy professionalisation (AP). Design/methodology/approach A historical database of CFR and AP events in the UK is categorised and analysed to observe the evolution of accounting in CFR from the perspective of the sociology of professions relating to abstract knowledge in professionalisation. Findings CFR has always been a statutory function in the UK dependent on arbitrary accounting rules rather than expert measurements based on abstract accounting knowledge. Accounting rules have evolved as part of AP and currently form part of the statutory regulation of CFR. The accountancy profession has eschewed abstract accounting knowledge in a mutually beneficial and uncompetitive relationship with the law profession in CFR. Research limitations/implications The study is limited to the history of CFR and AP in the UK and its findings are contrary to the sociology of professions regarding abstract knowledge, consistent with the accountancy profession’s 19th-century experience of court-related services, and indicative of normative accounting research’s redundancy. Practical implications Regarding CFR and AP in the UK, the accountancy profession is an expert subordinate branch of the law profession and has no incentive to alter the status quo of statutory accounting rule compliance prevailing over abstract accounting knowledge-based expertise in CFR. Originality/value The study questions the optimism of prior research of accounting in CFR that suggests the possibility of radical reform using abstract knowledge.