The word technocracy is academically used to describe a government or administrative control based on meritocracy and ran by an elite group of competent experts in their respective fields. In business, it can also refer to the technical morality that seems to govern the intricate transactional threads between different and oftentimes competing entities and interests. It is under such a culture that the principle of a level playing field is conceived. It essentially demands accuracy and precision of transactions which is why accountants play an indispensible role in such an order. Thus to achieve a meaningful level field in let’s say Cardiff, Cardiff accountants should inevitably play vital role in the process.

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