Transparency and accountability for the global good? The UK’s implementation of EU law requiring country-by-country reporting of payments to governments by extractives

Abstract

We draw upon the critical accounting literature to theorise what we see here as an accounting mobilisation and functioning in context. The manifestation entails ostensibly a progressive transparency and accountability and merits critical attention vis-à-vis concerns to better link accounting with the common good. We here find Gallhofer et al. (2015) and Gallhofer & Haslam (2017 (or less) useful framing, especially if, informed by critical studies that have problematised dimensions of transparency and accountability systems, their notions of the complex and multifaceted ambivalence of accounting systems are elaborated more explicitly vis-à-vis transparency and accountability. We focus upon the UK of Ch EU A D and the equivalent Transparency Directive provisions), which is ostensibly progressive legislation prescribing Reports on Payments to Governments. Our empirical study indicates both progressive and problematic dimensions of the accounting and its dynamics in context, extending theoretical appreciation including for praxis.

A sticky chocolate problem: Impression management and counter accounts in the shaping of corporate image

“…Perhaps this is one of the issues of real concern to such businesses. Oil and gas extractors are pressurised and sometimes required to disclose such payments, and there is a call for companies more generally to follow suit (Chatzivgeri et al, 2020). Nations could regulate these disclosures better and several international bodies could better take up this mantle, whether financial institutions or other forces of global governance (for examples of analyses concluding in pessimistic terms about current initiatives, see Soederberg, 2007, andAaronson, 2005).…”

“…These points underline that challenges facing counter accounts are far from trivial. Beyond the very worthwhile exercise of challenging the practices of individual companies, more expansive solutions are required (see Hoogvelt & Tinker, 1978;Chatzivgeri et al, 2020).…”

The Performance Of Employees Of Banks With Work Motivation as Moderator

“…Therefore, the accounting information system can be defined as an activity that is integrated which produces reports in the form of a data transaction of business are processed and presented as into a report finances that have meaning for the parties who need it (Mailoor et al, 2003;Möller & Schaltegger, 2005;Suardikha, 2013). Therefore, from the understanding of Accounting Information System can be concluded that the Accounting Information System is an activity that integrates the form of a data transaction business which is then processed and presented to be a report that has meaning for the parties who need it (Chatzivgeri et al, 2019;Stefan-Duicu & Stefan-Duicu, 2015). H2.…”

The Effect of Public Accountability and Transparency on State Financial Management Mechanism: A Quantitative Method Analysis

“…Likewise, transparency help to increment public trust and re-establish citizens' trust with bureaucrats. However, bureaucrats' often lack public transparency because of public administrators' negligence actions to give the require residents' data (Chatzivgeri et al, 2020). As a matter of fact, this diminishes the degree of public trust and confidence in the public authority (S. C. Robinson, 2020).…”