Question

In: Accounting

a) Explain what accountability means for an organisation in relation to legitimacy. • b) Can accountability...

a)

Explain what accountability means for an organisation in relation

to legitimacy.

b) Can accountability be achieved in a critical theory framework?

c) Explain the idea of a ‘social contract’ and its relationship to the

legitimacy discussion and sustainability reporting.

d) Can accountability be linked to stakeholder theory (and stakeholder

engagement)

Solutions

Expert Solution

a) Firstly we need to understand the fact that What is Accountability and legitimacy,

Accountability is an assurance that an individual or an organization will be evaluated on their performance or behavior related to something for which they are responsible. Corporate accountability involves being answerable to all an organization's stakeholders for all actions and results.

Legitimacy basically refers to the conformity to the law or to rules, it is basically the fact of being allowed by Law or done according to the rules of an organisation or an activity.

So, basically when it comes to accountability for an organisation in relation to legitimacy, it means that an organisation is responsible for its actions and decisions affecting its employees shareholders and all those related to the organisation.

There are various laws and regulations which have been drafted for an organisation which an organisation needs to adhere to such as there should not be minor employees working in the organisation,

So if an organisation does not adhere to any such rules and regulations, it will be held responsible for any such action taken by the organisation.


Related Solutions

explain the objectives of public sector accounting in relation to stewardship and accountability.
explain the objectives of public sector accounting in relation to stewardship and accountability.
Explain the objectives of Public Sector Accounting in relation to Stewardship and Accountability
Explain the objectives of Public Sector Accounting in relation to Stewardship and Accountability
Q2 (a) Explain three (3) deadly waste in an organisation (b) Discus how organisation can use...
Q2 (a) Explain three (3) deadly waste in an organisation (b) Discus how organisation can use the 5s to clean up the work place.
a) Briefly explain accountability from the perspective of a finance industry. (b) How does accountability differ...
a) Briefly explain accountability from the perspective of a finance industry. (b) How does accountability differ from the concept of governance? (a) Identify and briefly explain the two main categories in financial contracting. (b) Further explain financial contracting in finance services industry. (e) Identify the THREE (3) main sections that arise ethical issues in financial services industry (f) Briefly explain conflict of interest from the perspective of financial services industry. (g) There are two main categories of ethical issues in...
a .Briefly identify the two ways taht a large organisation can be structure b. Explain the...
a .Briefly identify the two ways taht a large organisation can be structure b. Explain the advantages and disadvantages that a company may hve if it decides to structure divisonally c. A company can choose a cost based price as its tranfer price. However, there are a further two methods that it can choose. Identify and explain the further two bases that it could choose
Explain as completely as you can what an economist means by SCARCITY . What are the...
Explain as completely as you can what an economist means by SCARCITY . What are the major differences between scarcity and shortage. Describe the 4 economic resource categories and how they relate to the scarcity problem. Explain opportunity cost. How does it reflect scarcity? What does it have to do with decision-making?
a.Beriefly explai what the term 'not for profit organisation b. Berifly explain how not for profit...
a.Beriefly explai what the term 'not for profit organisation b. Berifly explain how not for profit orgsnisations will usually be measured for performnce c. What are thought to be the problems when measuring the performance of a not for profit organisation d.Non financial performance indicators(NFPI's) are becoming more popular when measuring performance. Explain why that this is the case e.Identify and explain the two main types of market research a business could use and why a company would wish to...
A) Explain what stagflation means. B) What does opportunity costs mean? Explain using a paradigm.
A) Explain what stagflation means. B) What does opportunity costs mean? Explain using a paradigm.
(a) Explain what "95% confidence" means in a 95% confidence interval? (b) What type of variable...
(a) Explain what "95% confidence" means in a 95% confidence interval? (b) What type of variable is required to construct a confidence interval for a population proportion? (c) Explain why quadrupling the sample size causes the margin of error to be cut in half?
b. Explain with examples what type of organisation Apple Corporation currently is (e.g. partnership, public limited...
b. Explain with examples what type of organisation Apple Corporation currently is (e.g. partnership, public limited or private limited) and why the owners choose to start such an organisation.                                                                                                                            c. Explain with examples THREE (3) internal and TWO (2) external environment factors of Apple Company.                                  
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT