publication . Article . 2005

regulatory capture in the globalisation of accounting standards

Jayne M Godfrey; Ian A Langfield-Smith;
Restricted
  • Published: 01 Jan 2005 Journal: Environment and Planning A: Economy and Space, volume 37, pages 1,975-1,993 (issn: 0308-518X, eissn: 1472-3409, Copyright policy)
  • Publisher: SAGE Publications
Abstract
The Australian Financial Reporting Council recently shocked the world business community by unexpectedly announcing a change in the nation’s approach to global-accounting-standards development. The change involved switching from ensuring consistency of Australian accounting standards with International Financial Reporting Standards (IFRSs) developed by the International Accounting Standards Board to outright adoption of IFRSs by 2005. At the time of the announcement, Australia had the most developed international harmonisation programme of any country with a well-developed financial reporting system. Events surrounding the change demonstrate how political the ac...
Subjects
free text keywords: Geography, Planning and Development, Environmental Science (miscellaneous), Accounting standard, Economics, Financial accounting, business.industry, business, Fund accounting, Accounting, Accounting information system, Mark-to-market accounting, Social accounting, Social science, International Financial Reporting Standards, Generally Accepted Accounting Principles (United States)
Related Organizations
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Article . 2005

regulatory capture in the globalisation of accounting standards

Jayne M Godfrey; Ian A Langfield-Smith;