(2) In this article Puxty et al. describe the Streeck & Schmitter framework, for evaluating how accounting practices are regulated in the advanced capitalism and the roles of accounting therein.
(3) The authors compare the different modes of regulating accountancy in specific nations states with three organizing principles.
(4) Their research focuses on the roles of accountancy in regulating economic and social activities within four advance capitalist nation states.
(5) The article is useful to my study, as Puxty et al suggest the historical conditions that in affecting accountancy regulations would be identify.
(6) The main limitation of the article is the developing and applying the framework for identifying difference within four advanced capitalism societies and ignoring the international and transnational institutions of regulation.
, (7) thus the authors indicate that further, more extensive, research needs to explore the description of advanced societies’ features, needs and interests.
(8) This article will not form the basis of my research; however it will be useful supplementary information for my research on specific principles of regulation within the advance capitalism.
(1) McSweeney, B. "The roles of financial asset market failure denial and the economic crisis: reflections on accounting and financial theories and practices," Accounting, Organizations and Society, 2009, Volume 34, pp. 835-848.
(2) In this article McSweeney states several assumptions deny the possibility of financial asset market failure and presents the current crisis.
(3) The author analysis the features of failure by signal, unrestrained purpose and intertemporal consumption failure.
(4) The research focuses on identifying ways in contributing on the circumstances and