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Regulatory Overload, Individual Cognition, and Professionalism in the Accounting Field

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  • Mohamed A. Elbannan

Abstract

The purpose of this paper is to examine some determinants of the quality of accounting information. This paper focuses on causes occurring at the individual accounting practitioner’s level that contribute to the perceived usefulness of accounting information. Practitioners are argued to respond to the pressures, created by multiple layers of regulatory, professional and organizational rule making bodies, by a feeling of defenselessness that emanates from possible disagreements with established rules. Practitioner frustration with these rules (which are sometimes perceived as dogmatic) and the impending threat of litigation forces practitioners to conform to these rules. Not only does this frustration reduce the capacity of the practitioner to act professionally, but also attaches a stigma to the practitioner’s self-perception.Â

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  • Mohamed A. Elbannan, 2018. "Regulatory Overload, Individual Cognition, and Professionalism in the Accounting Field," Accounting and Finance Research, Sciedu Press, vol. 7(4), pages 227-227, November.
    • Handle: RePEc:jfr:afr111:v:7:y:2018:i:4:p:227
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    1. Zhang, Ying & Andrew, Jane, 2014. "Financialisation and the Conceptual Framework," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(1), pages 17-26.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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