Theoretical Approaches to Accounting

Research and Theory
Below appears a number of views as to the nature of and the objectives of accounting theory. You are to construct a two to three page report, after reviewing a selection of the articles provided, for a potential new doctoral student, Clarly Uncertain who is seeking to identify a theoretical foundation for his/her studies. Being a little (lot) lazy the student Clarly has agreed to pay you $350.00 for the report which has been requested by Clarly's potential supervisors as a part of the process of determining whether Clarly is potentially able to and capable of undertaking study at doctoral level. The student's topic is:
'A comedy of errors - accounting theory is fundamentally unable to assist in exploring accounting practice, enhancing our understanding or exploring a future for accounting practice in a brave new era of integrated reporting'

Requires:
1.   Your report will advise this student about possible theoretical approaches that might be adopted and the questions you envisage such a student might ask to explore the topic area of choice. It will be written in a way that it appears that the report is written by and coming from Clarly. (550 wds)
2.   In half a page indicate whether you think Carly's actions are ethically justifiable. Is this a wise approach to gain entry to a program? (250 wds)