Culture and accounting change: A new perspective on corporate reporting regulation and accounting policy formulation

This paper proposes and illustrates a new methodological framework for studying corporate reporting regulation and accounting policy formulation at the nation specific level. The process of corporate reporting regulation is viewed as a social system, and change analysis is used to determine the essential properties of such a system. The framework allows examination of the system's norms and values; the nature of its interdependencies both internally and with other social systems; the factors to which the system is especially sensitive; and the way in which culture influences the form and functioning of the system's elements.