Title: Critical theory: Immanuel Kant's critics of philosophy-critical accounting

Authors: Aida Sy

Addresses: Farmingdale State College, Department of Business Management, State University of New York, Room BUSC 307, New York, 11735, USA

Abstract: This paper attempts to provide a definition of critical accounting using the methodology used by Kant in modern philosophy. The article attempts to show that critical theory can be applied to various disciplines. The paper argues that markets studies research failed to conduct a proper search for the truths and that critical accounting is the branch of accounting and business that has attempted to investigate the financial crises in capitalism. The article provides a discussion on the role of auditors and corporate governance, the financial crisis of 2008 and the various capital markets regulations and laws in the USA from President Roosevelt to President Obama.

Keywords: European theory; empiricists critics; critical accounting; financial crisis; critical philosophy; critical theory; Immanuel Kant; capitalism; auditing; auditor roles; auditors; corporate governance; capital markets; market regulations; market laws; USA; United States.

DOI: 10.1504/IJCA.2016.080504

International Journal of Critical Accounting, 2016 Vol.8 No.3/4, pp.304 - 320

Received: 09 Jul 2016
Accepted: 02 Aug 2016

Published online: 16 Nov 2016 *

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