What role does accounting play in promoting economic growth? What does history tell us about this and what lessons does this offer for the future?
In this report we examine the role of accounting in promoting economic growth and development. We consider the way in which it does so by contributing to:
We emphasise the importance of accounting in a modern economy while acknowledging that the accounting profession faces many challenges in the future and will need to adapt if it is to retain its relevance. In the report we specifically consider:
This report is the last in a series of Public Policy Papers, part of the Financial Reporting Faculty’s Information for Better Markets thought leadership initiative.
For further information on Growth, development and accounting: seeing the bigger picture, or other reports in this series, please email email@example.com