Accountants draw upon these understandings in presenting, re-presenting and legitimising their activities as professional. With reference to the UK accountancy profession, we observe the bodies administering the training records and examinations of prospective professionals that justify the right to the privileges of membership. The accountancy profession secures a process of ‘accountability’ by preparing and auditing economic records according to the legal construct of what is ’ True and Fair’ - the meaning of which is deemed to reflect the expert judgment of the accounting professional, guided by professional standards. Thus, within the terms of the professional discourse, ‘regulation’.
