Este posibil ca standardele contabile sa serveasca interesul public?
Can accounting standardization serve the public interest?

Summary/Abstract: In line with his concerns to conceptualize the accounting principles and practices, the author develops the topic that falls under the above title, based on the premise that the facts and developments during the economic crisis show that accounting standards cannot be conceived solely by their internal consistency – often revealed a posteriori by their conceptual framework, but also by taking into account their economic and social impact, and their consequences. Hence, the standard setters claim that they work for the general interest. Consequently, the author pursues to define the concept of general interest in the light of relevant literature and accounting law, and examines the procedural answers provided by standard setters to confirm the consideration of the general interest concept, and to finally find out whether a substantiated answer is possible. In his analysis, the author also outlines the issue of high relevance of stakeholders’ representation in regulatory bodies and their intervention in the development of standards. In his endeavour, the author also suggests a substantial approach to the general interest in terms of consequentialism, i.e. the teleological ethics according to which an action must be judged morally on the consequences it implies. Of course, the concept is applied to financial and non-financial information. An interesting conclusion is reached on the general interest that not only legitimizes the standard setters who claim it, but also the public authorities that also determine the content of the financial and non-financial statements of the companies. This intervention is due to the consequences of the standards and their impact on society. Therefore it can never be taken for granted the fact that international standard setters consider themselves as representatives of the general interest.

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