The politics of accounting standard-setting: A review of empirical research

Gipper, Brandon; Lombardi, Brett; Skinner, Douglas J.

doi:10.1177/0312896213510713

Cited by 83 publications

(43 citation statements)

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“…We propose there is more to be learned through the accounting profession's discourse in comment letters. Specifically, how the profession engages in the process of standard setting, how it views issues, understands problems (Cooper and Robson 2006;Gipper et al 2013), and how the profession may help to construct standards (Sikka, Puxty, Willmott, and Cooper 1998).…”

Section: Accounting Profession Engagement With Standardsmentioning

confidence: 99%

“…As such, standards are derived less from a core body of theoretical accounting knowledge and more as the residual of a political process that produces ad hoc accounting standards (Hines 1989). This political process is one of exposure, participation, and ratification in a public due process; through this process, influential groups can affect the way that standards develop (Solomons 1983;Gipper et al 2013). …”

Section: Accounting Profession Engagement With Standardsmentioning

confidence: 99%

“…Where accounting proposals may affect the accounting profession in different ways (Gipper, Lombardi, and Skinner 2013), factions of the profession may not perceive accounting matters in the same way or hold consistent ways of thinking (Abbott 1988;Durocher and Gendron 2014).…”

mentioning

confidence: 99%

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The Accounting Profession's Engagement with Accounting Standards: Conceptualizing Accounting Complexity through Big 4 Comment Letters

Baudot

Demek

Huang

2018

Auditing: A Journal of Practice &Amp; Theory

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This is the accepted version of the paper.This version of the publication may differ from the final published version. Permanent repository link Acknowledgements:This paper reflects an effort to collaborate across paradigms. We extend our gratitude to the coeditors in their consideration of our paper. We thank the participants in the audit-reading group at the University of Central Florida for their early ideas and encouragement. We also appreciate the editorial assistance of Wioleta Olczak.1 The Accounting Profession's Engagement with Accounting Standards: Conceptualizing Accounting Complexity through Big 4 Comment Letters ABSTRACTRegulators, standard setters, and the accounting profession maintain that complexity in accounting standards is a significant issue. However, it is unclear what complexity means in the context of accounting standards. This study examines, via comment letter submissions, the accounting profession's engagement with complexity in accounting standards. We analyze comment letters submitted to the Financial Accounting Standards Board over a 12-year period and find the profession characterizes complexity through three dimensions -multiplicity, diversity, and interrelatedness. We examine the Big 4's discourse on these dimensions and observe consistency between audit firms in their discourse on several features. For instance, we find that firms primarily oppose proposed FASB changes when firms perceive those changes to increase rather than decrease complexity. Additionally, firms perceive proposed changes to affect financial statement preparers more often than other stakeholders. However, the Big 4 do not hold universal opinions as to the root causes of complexity. At the cross-firm level, we find inconsistencies that imply heterogeneity in the Big 4's discourse on root causes. Such inconsistency may, in and of itself, construct accounting complexity. Ultimately, we maintain that the Big 4's engagement with accounting standards has consequences for how complexity is thought and acted upon in accounting standards.

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Section: Accounting Profession Engagement With Standardsmentioning

confidence: 99%

Section: Accounting Profession Engagement With Standardsmentioning

confidence: 99%

See 1 more Smart Citation

The Accounting Profession's Engagement with Accounting Standards: Conceptualizing Accounting Complexity through Big 4 Comment Letters

Baudot

Demek

Huang

2018

Auditing: A Journal of Practice &Amp; Theory

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“…Accounting standards exist because they are a relatively efficient solution to the agency problem that arises when there is a separation of ownership and control of a firm (Brown and Tarca, 2001). Gipper et al (2013) provides further discussion of the political nature of the standard setting process using the US Financial Accounting Standard Board as a setting.…”

Section: Accounting Standard Settingmentioning

confidence: 99%

A review of research on regulation changes in the Asia‐Pacific region

Chang

Jackson

Wee

2017

Accounting & Finance

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In this study, we review the financial research on regulation in the Asia-Pacific region. We do this by analysing six leading regional accounting and finance journals -Abacus, Accounting & Finance, Australian Accounting Review, Australian Journal of Management, International Review of Finance and the Pacific-Basin Finance Journal. We identify five main themes of regulation research relating to: (i) banking and financial institutions, (ii) markets and trading, (iii) corporate governance, (iv) disclosure and (v) accounting standard setting. Our paper synthesises the regional literature in these areas and provide some suggestions for future directions.

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“…Even casual observation of the standard-setting process suggests that politics can have a first order effects on how accounting standards are set. Beginning with Watts [2] and Watts and Zimmerman [3], researchers have sought to develop and test economics-based theories of standard-setting that capture these political forces [4].…”

Section: Introductionmentioning

confidence: 99%

Accounting engineering for sustainable development

Sidornya

2017

SHS Web Conf.

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Abstract. The article deals with the sustainable development of industrial enterprises in Russia, accounting for sustainable industrial growth of the national economy, tools of accounting engineering aimed at creating an information basis of transformation the Russian economic model to knowledge based economy. The proposed mechanism of ownership control of industrial enterprises in the context of long-term planning of the national economy. Theoretical bases of accounting engineering, its tools are defined. A brief review of the literature on the problem of accounting engineering is provided. A practical example of the application of the accounting engineering logic for the industrial enterprise is reviewed. It describes the research results obtained during the last 25 years of Russian scientific school of accounting engineering. Conclusions and recommendations on the use of accounting engineering to sustainable development of the Russian economy are formulated.

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The politics of accounting standard-setting: A review of empirical research

Cited by 83 publications

References 50 publications

The Accounting Profession's Engagement with Accounting Standards: Conceptualizing Accounting Complexity through Big 4 Comment Letters

The Accounting Profession's Engagement with Accounting Standards: Conceptualizing Accounting Complexity through Big 4 Comment Letters

A review of research on regulation changes in the Asia‐Pacific region

Accounting engineering for sustainable development

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