By Grant Samkin

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The poor are increasingly deprived and suffer at the whims of corporate interests (Gallhofer and Haslam, 1991). Sikka (2006b) points out that neoliberalism play a key role in the creation and obfuscation of contemporary exploitation, inequalities and social relations. He argues that corporate power over legislators must be curbed before corporate boardroom activities can even be cleaned up. He also writes earlier in a 2007 article that the Big 4 accounting firms seem to advance the interests of capitalism in society whereby the accounting standards are formulated in the interests of the corporations which basically fund them.

Inevitably, such an initiative attracts critics from the left who argue that anything that calls for reforms is somehow suspect and that nothing short of a complete transformation or destruction of the capitalist system is perhaps the only alternative. How this is to be achieved is rarely spelled out. It seems to be assumed that the walls of capitalism, like those of Jericho, will somehow collapse when the right theory and language is trumpeted to urge their destruction. Ordinary people have a material stake in society as they seek jobs, homes, savings, pensions, education and healthcare and how they can be mobilised to transform social relations remains an enduring question of political strategy, but is rarely addressed (Hall, 1988).

Sikka, P. (1980), “Sources of short-term finance”, Certified Accountants Students’ Newsletter, April. Sikka, P. (1983), “Nationalised industries”, Certified Accountants Students’ Newsletter, June. Sikka, P. (1985), “Technical critique: the auditor’s considerations in respect of going concern”, Certified Accountant, September. Sikka, P. (1987), “Professional bodies ignore anxieties”, Accountancy Age, 4 June, pp. 22-3. Sikka, P. (1992), “The politics of political contributions”, Certified Accountant, May, pp.

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Accounting in the Media by Grant Samkin

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