It is generally accepted, nowadays, that reliable financial information is a
prerequisite of a robust market economy and efficient public sector. This position
has been strengthened by the recent financial crisis, where financial reporting has
not been done up to the expected standard. In this chapter we consider the problem
of `accounting for growth?. Accounting for growth is a term that has been launched
in accounting theory, and generally is rather quite opposite to the notion of growth
accounting championed by neo-classical economists. `Accounting for growth? looks
at the institutional framework in a particular defined jurisdiction, that regulates
accounting, corporate reporting and ? auditing