The power is a function of their size. SAC 3 requires information to be reliable. AASB 1011 requires nearly all research expenditure to be expensed. Research is usually beneficial to society. Accounting has a short-term focus.
Many social policies have a long-term return.
Accounting is the language of business. In accounting, there is no way of expressing a social benefit. Many companies make social responsibility disclosures. This is to avoid the societal censure. This change in government reporting may cause environmental problems.