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Accounting and the state in post-communist Romania

Author

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  • Adela Deaconu
  • Dan Dacian Cuzdriorean

Abstract

This research integrates Broadbent and Laughlin's (1997, 2005, 2013) views on societal transformation while aiming to discover the state's influence over accounting - through accounting regulations issued as an absolute standard setter - during the transformation process of Romania from a communist centralised economy to a market economy. Using an interpretative qualitative methodology, this research demonstrates the dominant role of the state on accounting and the internal colonisation of organisations' financial reporting, simultaneously with accounting 'lifeworld' in the early post-communist period. The study proves that this relationship had the tendency to change over time into an evolution-type relationship, and the societal institutions' actions are getting closer to values and beliefs accumulated by accounting professionals. This is mainly due to the emergence of other societal mechanisms on the financial reporting market, such as the accounting profession and the financial institutions. International Financial Reporting Standards are a contributor to the decrease of the state's influence.

Suggested Citation

  • Adela Deaconu & Dan Dacian Cuzdriorean, 2016. "Accounting and the state in post-communist Romania," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 5(1), pages 59-93.
    • Handle: RePEc:ids:ajaafi:v:5:y:2016:i:1:p:59-93
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    References listed on IDEAS

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    Cited by:

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    2. Maria-Silvia Sandulescu & Catalin-Nicolae Albu, 2018. "Impression Management in The Letters to Shareholders of Listed Entities: A Romanian Case Study," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 17(3), pages 353-373, September.

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