ABSTRACT
Accounting standards defi ne the rules implemented in order to produce understandable fi nancial information. They provide a framework that makes for an easier delivery of that information as well as making it more homogeneous. Accounting is often seen as a standard practice that contributes to the functioning of numerous organizations and socioeconomic processes. However, some directors do not agree with the standard norms and objectives associated with accounting, fi nding them an inappropriate representation of their organization and, more specifi cally, the management’s fi nancial situation. Thus, they try to produce a representation of their organization that is more realistic and case specifi c, opening a debate among accounting professionals, who aim to abandon the traditional concepts of accountancy, which are seen as overly strict and not suffi ciently representative of the organization’s specifi c circumstances. Indeed, accounting norms can be subject to personal interpretation and can be locally implemented in ways to convey certain management styles, attempting to represent the main values of the company while withholding its strategy. In this way, certain directors attempt to create more consistency between the accounting representations and their specifi c management styles.
