Professor Richard Petty, Macquarie Graduate School of Management, Australia (firstname.lastname@example.org)
Professor Roy Suddaby, Alberta School of Business, University of Alberta, Canada (email@example.com)
AAAJ invites papers for a special issue of the journal that will focus on the transnational regulation of accounting. The increasing globalization of financial markets is testing state based regulatory systems. As Suddaby et al (2009) found, transnational institutions such as the World Trade Organization, IFAC, and the global accounting firms are increasingly supplanting the traditional role of state based regulators. Major regulatory reforms such as those brought by Sarbanes Oxley are often extended beyond national borders due to the activities of multinationals and due to transnational listings (Cardilli, 2003). Regulatory jurisdictional battles emerge when regulators such as the PCAOB attempt to operate in foreign jurisdictions.
New forms of transnational regulation are emerging as a matter of necessity (Loft & Humphrey, 2006; Humphrey, Loft & Woods, 2009) in an attempt to bring a sense of certainty to professional and commercial dealings in environments in which there is rapid change, much uncertainty, considerable financial and legal risk, and a sharpened focus on how organizations are and should be governed (Djelic & Sahlin-Andersson, 2006; Power, 2009) . This is being driven by a range of global institutional forces including:
The need for transnational regulation and the new forms of transnational regulation that are being developed and implemented, point to the need for research that aims to explain what is happening, why it is happening, what gaps exist, and how those gaps are likely to be filled. Possible avenues of investigation might include approaches that address the following questions:
These and other questions are relevant to better understanding the transnational regulation of accounting. Presently, there is relatively little work that has been done on the transnational regulation of accounting. Certainly, the accounting, accountability, and policy implications of transnational regulation generally are poorly articulated and poorly understood.
We welcome contributions to the special issue that help answer the questions outlined above or help to answer or identify other relevant questions. The challenge is to further a research agenda that will enable the transnational regulation of accounting to be more fully understood and developed, and to assist in shaping policy.
The special edition seeks original research from any theoretical or methodological approach that addresses important issues related to the social, regulatory and professional aspects of the transnational regulation of accounting. Papers must be relevant to theory development, practice, and/or policy.
The closing date for submissions for this special issue is April 1, 2013. Manuscripts should be submitted via Scholar One Manuscripts http://mc.manuscriptcentral.com/aaaj Author guidelines can be found here. It is anticipated that this special issue will be published in 2015.
Djelic, M.L. & K. Sahlin-Andersson. 2006. Transnational Governance: Institutional dynamics of regulation. Cambridge, UK: Cambridge University Press.
Humphrey, C., A. Loft & M Woods. 2009. The global audit profession and the international financial architecture: Understanding regulatory relationships at a time of financial crisis. Accounting, Organizations and Society, 34: 810-825.
Loft, A. & C. Humphrey. 2006. In pursuit of global regulation: Changing governance and accountability structures at the International Federation of Accountants (IFAC). Accounting, Auditing & Accountability Journal, 19(3): 428-451.
Power, M. 2009. Accounting without a state. Pp. 324-340 In Chapman, Cooper & Miller (Eds.), Accounting, Organizations and Institutions: Essays in Honor of Anthony Hopwood. Oxford: Oxford University Press.
Suddaby, R., D.J. Cooper & R. Greenwood. 2007. Trans-national regulation of Professional Services: Governance dynamics of field level organizational change, Accounting Organizations & Society, 32: 333-362.