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This paper aims to identify the usefulness of safety controls and accounting in corporate social sustainability management in response to various stakeholders’ demands and expectations in the mining sector.

The case study approach is followed in this study as it provides in-depth understanding of complex social phenomena. Data collection is mainly based on semi-structured interviews, on-site assessments and documentation reviews. Visits were repeated and cross-checked to ensure the validity of data collection and analysis.

The study identifies a reciprocal relationship between stakeholder management strategies and the safety control system that encapsulates a mix of leading and lagging key safety performance indicators (KSPIs). A safety control system with the right mix of KSPIs drives corporate value-creation by instigating internal organizational changes. Yet, the stakeholders’ expectations and pressures are dependent on national, historical, cultural and social settings and institutions that will impact on the safety controls and safety accounting in a substantial way.

The paper demonstrates the usefulness of safety controls and accounting in corporate stakeholder management in the mining sector in Sri Lanka. The paper, by addressing how safety control systems and accounting meet various stakeholder demands and expectations, provides new insights into corporate social sustainability performance in mining companies and the role and implications of sustainability (management) accounting.

This paper aims to examine how auditors make sense of the ill-theorized and contentious notion of other comprehensive income (OCI), specifically by uncovering their use of metaphors to make OCI plausible and intelligible.

This interpretative paper draws on a collection of 21 interviews with experienced auditors. The analysis first uncovers metaphors that naturally surface within the talk and sensemaking of auditors about OCI (elicited metaphors). The authors then encapsulate these elicited metaphors into second-order constructs (projected metaphors) to synthesize and further explain auditors’ practical sensemaking.

Auditors conceive OCI as a “safety” that ensures the well-functioning of fair value accounting, metaphorically qualifying this notion as a “necessary evil”, a “passage obligé”, and a “parking lot” resolving fair value-related issues and aberrations. Auditors also metaphorize OCI as a “purifier” that allows “polluted”, “noisy”, and “unloved” items to be “parked” outside net income.

The study’s findings further the understanding of auditors’ tendency to remain uncritical throughout their sensemaking process. Making sense of professional standards of practice through metaphors indubitably involves shadowing and silencing other worldviews.

This paper extends knowledge of auditors’ sensemaking, specifically showing how auditors easily make sense of complex notions even in the absence of conceptual grounds. This study also highlights that metaphors are a powerful sensemaking device that auditors mobilize to render complex notions intelligible and mitigate IFRS inconsistencies.

This paper aims to analyse the extent to which health and safety action controls, results controls and informal controls affect the integration of health and safety issues into management actions, which in turn leads to improve health and safety performance. It also investigates the extent to which those health and safety control mechanisms contribute complementarily to the integration of health and safety issues.

A survey of 108 Italian non-listed firms tests a set of hypotheses based on complementarity theory and object of control framework.

Not all the health and safety control mechanisms positively influence the integration of health and safety issues into business practices and external stakeholder relations. Complementarity between health and safety control mechanisms is significant only for higher health and safety performance companies, indicating that the health and safety control mechanisms operate as a package.

The health and safety performance measure could be replaced in future research by improved inter-subjectively testable information, although collecting health and safety quantitative data is difficult. An additional limitation is the response rate.

The findings encourage companies to design and use a comprehensive set of health and safety control mechanisms to promote a healthy workplace.

The paper contributes to the management control, sustainability management control and health and safety accounting literature. The paper provides an in-depth interdisciplinary analysis of the effectiveness of different control mechanisms in the context of health and safety that hitherto has rarely been investigated despite the multiple importance of the topic.

Farm dam safety in Australia is being flouted and sustainability of catchments compromised because of the potential and severe consequences of dam failure. Hence, the purpose of this paper is to explore policy issues associated with safety of farm dam water storage through a comparison of developments in two Australian states against an analysis of international benchmarks and to provide an exemplar of best practice.

A strategic review and content analysis is firstly undertaken to establish international dam safety policy benchmarks ranging from minimum to best practice as well as selection guidelines for varying circumstances, and to identify an exemplar best practice model. Longitudinal study over a 12‐year period then provides the basis for case analysis in order to reinforce the established minimum level benchmark and to demonstrate the application of the benchmarked model policy selection guidelines.

Research results show that in Australia, South Australia is lagging international benchmarks for on‐farm dam safety management in a number of ways whilst a second state, Tasmania, provides leadership in this respect. The paper adds to the existing international benchmarking literature by identifying updated international best practice in private/farm dam safety assurance policy whilst establishing and providing longitudinal case study reinforcement for an acceptable minimum level benchmark in this area. The updated policy guidelines presented can be used to determine appropriate dam safety policy for any jurisdiction.

The paper provides an original contribution of analysis, establishment and case study validation of international benchmarks and guidelines on developing appropriate dam safety management and assurance policy for varying jurisdictional circumstances. In addition, it provides an updated exemplar of how policy benchmarks can go towards addressing cumulative threats of smaller dams in catchments not previously addressed.

A decision of the US Supreme Court to require enforcement of an environmental standard in the cotton textile industry provides a unique opportunity to observe the market impact of social‐cost disclosures. This research examines the reaction of investors to an exogenous factor which has an impact on a particular group of firms. A valuation‐effects paradigm is applied in the context of the standard market model to evaluate the aggregate assessment of investors to the news that a costly new Occupational Safety and Health Administration requirement would be enforced. Risk‐adjusted returns in a sample of cotton textile firms were observed to decline as a negative investor revaluation occurred. To determine if ex ante disclosure of the potential financial impact of this new environmental standard affected announcement‐period market reaction, subsamples were developed on the basis of the type of reporting provided. The results tend to support the view that market pre‐conditioning occurred. Differential impacts were observable, with less negative investor reaction to quantitative disclosures than to other types of information provided by sample companies. These results suggest that emphasis should be placed on quantitative social‐cost disclosures, and that regulatory authorities might look more closely at present disclosure guidelines to determine if they allow too much reporting variability.

Limited funding to maintain and preserve short‐line railroad (SLRR) bridge infrastructure requires that important priority decisions be made on an annual basis. The compartmentalized, dispersed, and diverse nature of many SLRR owners and operators is such that there is a need for a coordinated and centralized effort to evaluate the state‐wide system as a whole, to ensure the most effective overall resource allocation and also identify assets that either outperform predictions or consume disproportionate levels of resources for maintenance and operation, allowing for review of design and construction practices. The purpose of this paper is to examine the state of the art for railroad bridge population management and resource allocation decisions and to develop a state‐wide SLRR bridge prioritization methodology, to be used as a tool by a state agency to assist in allocating limited public funding for bridge maintenance, rehabilitation and replacement activities.

A literature review examining the state of the art of railroad bridge population management and resource allocation decisions was conducted, which provided the foundation for the development of a bridge prioritization algorithm. A state‐wide survey was conducted to develop a bridge database. A detailed evaluation of a statistically significant sample of bridges was conducted, to determine the structural and maintenance needs and preservation status of sub‐populations. The research team developed methodologies, applicable to the entire population, to develop a ranking of bridge preservation candidates.

A risk‐based prioritization algorithm is proposed to assign a relative risk score to each bridge in the population. The algorithm provides a management tool for making more effective maintenance and preservation decisions. Additionally, the bridge database allows managers to examine sub‐populations according to structural parameters to evaluate performance.

The revisable, modular framework of the prioritization algorithm provides a simple, effective and versatile tool for asset management and evaluation. The present proposal of this new prioritization methodology for SLRR bridges is a valuable tool for agencies faced with making rational decisions with limited information. Such a methodology does not currently exist in the literature and is of significant interest to short‐line owners/operators and state transportation agencies.

The Howard Shuttering Contractors case throws considerable light on the importance which the tribunals attach to warnings before dismissing an employee. In this case the tribunal took great pains to interpret the intention of the parties to the different site agreements, and it came to the conclusion that the agreed procedure was not followed. One other matter, which must be particularly noted by employers, is that where a final warning is required, this final warning must be “a warning”, and not the actual dismissal. So that where, for example, three warnings are to be given, the third must be a “warning”. It is after the employee has misconducted himself thereafter that the employer may dismiss.

The purpose of this paper is to investigate if and how firms approach debiasing and what determines its success. In particular, this study examines if debiasing is effective in reducing cognitive decision biases. This paper also investigates organizational characteristics that determine the effectiveness of debiasing.

This study uses survey data from German firms to answer the research questions. Target respondents are individuals in a senior management accounting function.

In line with the hypotheses, this paper finds that debiasing can reduce cognitive biases. Moreover, this study finds that psychological safety not only directly influences the occurrence of cognitive biases but is also an important factor that determines the effectiveness of debiasing.

This paper provides evidence that debiasing can serve as a powerful management accounting tool and discusses debiasing in the context of recent management accounting literature. This study also adds to the stream of research that investigates the role of psychological safety in organizations by highlighting its importance for successful debiasing.

This paper informs firms that use or intend to use debiasing about crucial determinants to consider when debating its implementation, i.e. psychological safety. This study also identifies risk management as a potential interface for the implementation of systematic debiasing.

While previous research primarily addresses specific cognitive biases and debiasing mechanisms using lab experiments, this is – to the best of the knowledge – the first study investigating cognitive biases and debiasing on a broad conceptual level using survey data.

Accounting’s definition of accountability should include attributes of socioenvironmental degradation manufactured by unsustainable technologies. Beck argues that emergent accounts should reflect the following primary characteristics of technological degradation: complexity, uncertainty, and diffused responsibility. Financial stewardship accounts and probabilistic assessments of risk, which are traditionally employed to allay the public’s fear of uncontrollable technological hazards, cannot reflect these characteristics because they are constructed to perpetuate the status quo by fabricating certainty and security. The process through which safety thresholds are constructed and contested represents the ultimate form of socialized accountability because these thresholds shape how much risk people consent to be exposed to. Beck’s socialized total accountability is suggested as a way forward: It has two dimensions, extended spatiotemporal responsibility and the psychology of decision-making. These dimensions are teased out from the following constructs of Beck’s Risk Society thesis: manufactured risks and hazards, organized irresponsibility, politics of risk, radical individualization and social learning. These dimensions are then used to critically evaluate the capacity of full cost accounting (FCA), and two emergent socialized risk accounts, to integrate the multiple attributes of sustainability. This critique should inform the journey of constructing more representative accounts of technological degradation.