In today’s politically correct world of form, there are therefore increasingly cries for substance - indeed, one school of thought, in the accounting profession itself, feels that obsession with compliance begets a creativity that subverts. This brings the word dialectics, more associated with bohemia, revolution and the intellectual, squarely into the lexicon of the staid accountant and regulator.
Value based professionals is not just about compliance alone, but living up to the spirit of compliance. These are difficult issues indeed, and we have more questions than answers.