Accountability is considered to be central to the functioning of a democratic and informed society. A large volume of literature theorises accountability and explains how it should be and could be deepened. There is a general view that the availability of state held information can enhance possibilities of citizen participation and democratic governance, and check unethical and corrupt behaviour by state and corporate elites. The state held documents can arguably enable citizens to construct a richer account of corporate frauds, accounting/auditing scandals and regulatory failures and call policymakers to account. The neoliberal state has managed the tensions between the public demands for information and the tendency to protect elites from public scrutiny by regularising the flow of information via freedom of information laws. Such laws hold out the possibility of greater information, but also give state officials plenty of discretion to frustrate unwelcome requests. The issues are explored through two case studies relating to banking frauds in the UK. The cases highlight the dynamics of calling the state to account through the freedom of information laws and show that the state apparatus goes to considerable lengths to shield elites from public scrutiny.
Keywords: Accountability, Freedom of information, Banks, Frauds, Accountants
IntroductionAccountability is a key concept in contemporary societies and is frequently associated with processes designed to secure trust between decision-makers and affected parties (Sinclair, 1995;Ahrens, 1996). Notions of accountability are deeply embedded in modernity (Hood and Heald, 2007) and considered to be a key to fostering democratic governance and possibilities of greater citizen participation in public policymaking (Habermas, 1976;Hirst, 1994;Young, 2000;Beck, 2003;Castells, 2010). The discourse of accountability is subject to ongoing contestation (Laclau and Mouffe, 1985) and the meanings associated with it are shaped by power and politics. At its heart are concerns about the provision of information and the right to know reasons for particular conducts and hold decision-makers responsible for their actions (Roberts, 1991;Broadbent and Laughlin, 2003). A commonly held view is that every citizen "should know the events and circumstances that concern him, since this is the condition without which he cannot contribute to decisions about them …" (Simmel, 1950: 337). The demands can relate to wide arena and cover issues such as probity, legality, morality, managerial, programme, performance and policy matters (Stewart, 1984).The neoliberal state is a key actor in promoting and legitimising practices associated with accountability. Its legitimacy is bolstered by promises of eroding secrecy, enhancing transparency and informing citizens about the conduct of public policy. Therefore, it can be mobilised to investigate corporate collapses, frauds and accounting/auditing failures and inform citizens about the conduct of public policies. However, much of the state ge...