The well-documented global economic disinvestment in schooling necessitates critical examination of policy discourses that influence educational systems and student learning. Situated within the critical policy studies tradition, the present study conducted a critical discourse analysis of the Donaldson Report (2015), a proposed comprehensive Welsh learning and accountability system. We begin with a brief discussion of research focused on global accountability reform within the new economy. To situate the Donaldson Report within this research, we review literature on reforms within the United Kingdom, with special attention to the Welsh educational policy context, which also includes incorporation of the United Nations Convention on the Rights of the Child (UNCRC) into national policy. Findings highlight a limited Report focus on core educational rights embodied within the UNCRC and recommendations for a new system that leans toward a more technocratic and performance orientation. We conclude with implications for the exercise of children's rights within Welsh schooling.