It would be unrealistic and naive to believe that accountants of financial reports always put the good of the community before that of their corporate clients. How 'can 'poachers' simultaneously act as 'gamekeepers'?'(Mitchell, A., et al, 1994, vol 13)
Accounting Standard setters try to enforce concepts and standards to generate high-quality reports that are neutral and objective, but the external influences that are apparent right from the time of setting the standards make this idea just that, an idea. Accountants have an obligation to not only cater to the economic, political and social issues, but to try and stick to a rigid idealism of neutrality. Compiling only reports that meet all the guidelines of the regulatory boards, and being as impartial as humanly possible. Expectations of Accountants these days are of mixed feelings, at one end is society hoping that objective and unbiased reports are 'maintained', and then on the other side of the spectrum are the companies who want subjective reports 'manufactured' to their needs.
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