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Professional accounting environment in Brunei Darussalam

P.W Senarath Yapa (School of Management, Technology & Environment, La Trobe University, Bendigo, Australia)

Accounting, Auditing & Accountability Journal

ISSN: 0951-3574

Article publication date: 1 August 1999

2393

Abstract

This paper analyses the professional accounting environment in Brunei Darussalam with particular reference to the organisation of practitioners. In terms of the wealth of the country, its stable economic, social and political structure, the formal regulatory structures in place and the ongoing British influence, one might expect to find a vigorous accountancy profession in place, actively pursuing a collective mobility project. However, such an expectation would be misplaced. Drawing upon the functionalist, interactionist and critical theories of the professions, as synthesised by Willmott, this paper explains the lack of a powerful accounting profession in Brunei and speculates as to whether such a profession might emerge, in particular one capable of adequately gauging and safeguarding the public interest. The paper argues the case for the negative given the prevailing market, institutional and power structures.

Keywords

Citation

Senarath Yapa, P.W. (1999), "Professional accounting environment in Brunei Darussalam", Accounting, Auditing & Accountability Journal, Vol. 12 No. 3, pp. 328-340. https://doi.org/10.1108/09513579910277393

Publisher

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MCB UP Ltd

Copyright © 1999, MCB UP Limited

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