Abstract:
With a narrative review, this article highlights the differences and difficulties in how economics, law, and accounting portray firms, at a time when their boundaries are becoming increasingly blurred and their behaviour increasingly chameleon-like. It emphasizes the urgent need for joint reflection between these three fields to avoid legal or accounting evasion, lack of legal accountability of companies, and a distorted image for decision makers. This finding should encourage greater consistency in the scope of representation and a broader interpretation of the concept of control. It should also encourage organisations to align their reporting and accountability scopes more closely.
Keywords: accounting image, entity, system, responsibility, accountability
