Justice in Accounting Standard Setting

This paper is dedicated to the concept of “justice”, applied to accounting standard setting. The indefinable and vast meaning of this desired and important concept, made us implement “John Rawls’s theory of justice” as a clear-cut sense of justice. Explaining the main features of Rawls’s theory, we go through justice of accounting standards. Although the process of standard setting could not completely fulfill Rawls’s basic assumptions, this paper comes to this point that, to a great extent, it is close to the process described by Rawls.