The result is a radically different approach to accounting standards. The objective is to make accounting and business responsible to all in society, which is appropriate given the enormous privilege of limited liability which most businesses enjoy, and which is granted at cost to everyone else in the communities that make it available.
If granting limited liability were a cost to everyone then we wouldn’t grant it, would we?
That limited liability makes large scale economic cooperation – which makes us richer – even possible is why we do. And that it makes us all richer is why it’s not a cost to us.