The passing of accounts charges accounting practitioners with the stewardship of silence and indicates a broader case for accounting theory to address the full continuum of accounting practices.
The findings support the use of advanced level accounting students as surrogates for accounting practitioners in relatively structured decision contexts.
It develops an understanding that, in the application of rules and accounting standards, in producing, framing, auditing and using statements, records, apologies or excuses, accounting practitioners tacitly coordinate towards the passing of accounts.
My company, the International Federation of Accountants (IFAC), recently issued the results of a survey of accounting practitioners operating in small- and medium-sized practices.
For instance, accounting practitioners are required to be certified by local professional and statutory boards, and company financial reports are also required to be prepared and approved by locally certified accountants.
In the bankruptcy prediction literature academician and accounting, practitioners have differed in the opinion on the power of these models to address the sensitivity of time periods and financial condition (cross-country heterogeneity, market structure, business cycle, etc).. Begley et al. (1996) re-estimates and compares performance of original Altman's and Ohlson's models using US 1980's data.
In the first few decades following the journal's establishment, leading authors in The Accounting Review tended to write articles that would be of interest to accounting practitioners.
Issues in Accounting Education, first published in 1983, was created to better serve accounting educators, while Accounting Horizons, first published in 1987, focused more on issues facing accounting practitioners.
In the 1980s the AAA began to publish two other journals, Issues in Accounting Education and Accounting Horizons, that were more relevant to accounting educators and accounting practitioners respectively, to allow The Accounting Review to focus more heavily on quantitative articles.
In its early decades, the journal tended to publish articles that would be of interest to accounting practitioners, but over time it shifted towards a preference for quantitative model building and mathematical rigor.
