Accounting and First Nations: A Systematic Literature Review and Directions for Future Research

• Published in: Australian Accounting Review
• Main Authors: Norris, Ellie, Kutubi, Shawgat, Greenland, Steven
• Format: Article in Journal/Newspaper
• Language: English
• Published: Wiley 2022
• Subjects: First Nations
• Online Access: http://dx.doi.org/10.1111/auar.12361; https://onlinelibrary.wiley.com/doi/pdf/10.1111/auar.12361; https://onlinelibrary.wiley.com/doi/full-xml/10.1111/auar.12361

Abstract This paper presents a synthesis of academic research focused on First Nations peoples, contrasting First Nations versus non‐Indigenous understandings of accounting and accountability. Key themes and trends in past research are identified across 51 publications spanning four decades, and directions for future research are proposed. The need for more culturally responsive accounting is well established, and past studies highlight the inadequacies of reporting practices which do not appear to capture the priorities and nuances of First Nations entities. The focus and execution of accounting research is shifting towards more contemporary experiences with accounting, and the contribution of First Nations worldviews to advances in non‐financial reporting. This paper systematically explains the inadequacies of contemporary reporting practices and encourages the accounting community to reflect on future opportunities. It is therefore relevant to both academics and practitioners seeking to uphold the rights of First Nations peoples to self‐determination in line with the United Nations Declaration on the Rights of Indigenous Peoples. Further work is urgently required to ensure First Nations organisations are adequately supported in their reporting practices, to incorporate traditional knowledges and to achieve positive outcomes for their communities.