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Rquired to write a 1000 – 1500 word essay addressing the following;
 
In the March 2001 edition of Australian CPA there was an article by Ian Nash and Adam Awty entitled “Just clowningaround?”. The following is a quote from the article:
Basically, environmental and social reporting is when the accounting profession eases into its Birkenstock sandals and becomes green, fluffy and friendly. Its the type of reporting that nobody in the market could possibly take seriously, and , even if it’s on the horizon, it’s a long way from becoming a regulatory and legal issue. True or false?

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With reference to accounting theory critically evaluate the above quotation and provide an opinion on the ‘true orfalse’ question

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