Issues affecting the development of an international accounting standard on financial instruments

Chatham, Michael D.; Larson, Robert K.; Vietze, Axel

doi:10.1016/j.adiac.2010.03.002

Cited by 41 publications

(32 citation statements)

References 38 publications

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“…The existence of significant differences found in the answers, given the different stakeholders groups, is in line with the studies by Huian (2013) and Chatham et al (2010) and it is opposite to the results obtained by Carmo, Ribeiro et al (2011), who do not identify significant differences between the responses obtained from the groups mentioned.…”

Section: Discussioncontrasting

confidence: 44%

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An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

Carvalho

Albuquerque

Quirós

et al. 2015

Rev. contab. finanç.

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The professional interests of the various stakeholders groups are often seen as obstacles to full accounting harmonization. Studying different professional interests in the accounting domain is significant for organizations involved in the international accounting harmonization process, insofar as it enables them to identify the main obstacles to face in order to achieve full harmonization. Thus, this article is aimed at analyzing the differences in terms of professional interests by addressing the participation of various stakeholders groups in the process of issuing/modifying standards of the International Accounting Standards Board (IASB). Based on content analysis, we examined the comment letters sent to the IASB in the context of the first part of the first phase of the project to replace the International Accounting Standard (IAS) 39, entitled "Financial Instruments -Recognition and Measurement", by the International Financial Reporting Standard (IFRS) 9, on its turn entitled "Financial Instruments". Respondents were identified according to the stakeholders group, and, later, the collected data underwent a nonparametric chi-square test. The results of this study indicate there are significant differences between the answers obtained from the various stakeholders groups involved in the process of issuing or reviewing a standard of the IASB, above all made clear between the group of financial preparers and the regulatory and/or standard-setting agencies and the professional associations related to accounting.

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Section: Discussioncontrasting

confidence: 44%

“…Although financial institutions are often regarded as users of financial statements, due to their investment activities, they were regarded as preparers in this study, since they are the biggest users and developers of financial instruments (Chatham, Larson & Vietze, 2010).…”

Section: Methodsmentioning

confidence: 99%

An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

Carvalho

Albuquerque

Quirós

et al. 2015

Rev. contab. finanç.

View full text Add to dashboard Cite

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“…More recently, the process of lobbying on accounting regulation has been studied from the perspective of institutional theory (Bengtsson, 2011;Chatham, Larson and Vietze, 2010;Fogarty, 1992;Giner and Arce, 2012;Kenny and Larson, 1993;Koh, 2011;Larson 2002Larson , 2008Larson and Kenny, 2011). This theory suggests that the actions of organizations should be understood as attempts to obtain legitimacy and to maintain credibility with external constituents (Fogarty, 1992).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…Consequently, various interest groups, which also seek legitimacy and recognition from their peers, can freely participate in the standard-setting process of these regulatory bodies, even when the interest groups are not directly affected by a normative proposal (Chatham et al, 2010).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Lobbying na Regulação Contábil: Evidências do Setor Petrolífero

Santos

2014

Rev. contab. finanç.

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This work aims to identify the determining factors in the submission of comment letters to the International Accounting Standards Board (IASB) on the discussion paper Extractive Activities as a lobbying strategy in the context of accounting regulation. The results show that size is a determining factor in all models used, indicating that large oil companies are more likely to lobby. This tendency is especially evident for companies that are predominantly opposed to the IASB proposals, which suggests that the IASB's review/replacement of International Financial Reporting Standards 6 (IFRS 6) will be a complex process subject to pressure from oil companies to maintain the status quo.

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“…Indeed, disclosure about FIs is one of the most important and complex issues facing major accounting regulators around the world. For example, there were major disagreements between different parties that influenced the development of accounting standards in this area such as the IASB, National Standard Setters, Auditors, Accountants, Financial analysts and other stakeholders (Chatham et al, 2010). In this regard, Chatham et al (2010) reviewed 168 comment letters in response to a Financial Instrument Discussion Paper that was issued by IASB in 1997.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

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Abstract:The current study investigates factors affecting Financial Instruments (FI) disclosure for a sample of Jordanian listed companies (82 firms) over two consecutive years (2013 and 2014). An un-weighted disclosure index is used to examine the extent of FI disclosure. In addition, the study employs a number of multiple regression models to examine the determinants of FI disclosure. The findings indicate that the level of FI disclosure provided by the sample firms is relatively low with only 52% of FI-related items being supplied. In addition, the results illustrate that the level of FI-related disclosure has a statistically positive association with firm size, the audit firm employed and corporate governance attributes. However, the current study fails to document significant associations between FI disclosure and firm industry or ownership structure variables. This research provides a number of insights for policy makers. First, the results of the current study could help the IASB when revisiting FI-related accounting standards to consider an emerging country's perspective. In addition, it provides some insights to accounting regulators in Jordan about how Jordanian listed firms respond to IFRS 7 requirements.

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Issues affecting the development of an international accounting standard on financial instruments

Cited by 41 publications

References 38 publications

An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

Lobbying na Regulação Contábil: Evidências do Setor Petrolífero

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

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