Legitimacy Theory
The legitimacy theory in accounting is the social economic variables of sustainability accounting legality into the fields of business that rules the accuracy of professionalism, duties responsibility of accountants with integrity truthfulness and fairness in the world of enterprises corporate governance. New policies and interpretations of accounting standards and framework that regulates the accounting practice can be subject to violation that could lead to comprehensive case of termination from job field if found in position of extortion that threatens to expel or widens risk of criminal offense invasion of tax as one of the key indicators of breach of law or legitimacy.
The rules and laws set up by legal commissioning authorities to regulate the accounting firms and …