Question: Benston (1982, p. 102), in an analysis of corporate social accounting and reporting (CSAR), says: "The social responsibility of accountants can be expressed by their fore bearing. from" social responsibility accounting." However, in a critique of Benstons analysis, Schrader and Rama nathan.(1984,.p. 414) state:
Required: CSA Reassumes there is Legitimate interest or stake" in the corporation beyond the stockholders; interest), and that these other stakeholders; interests are not well served by traditional financial statements. Therefore, it follows that within a broad political economy of accounting, CSAR is an important policy-making issue. Critically evaluate this proposition and indicate your agreement or disagreement and the underlying reasons for your position.