Abstract
Since 1990, the Australian accounting standard setting process has taken on a more visible and, sometimes, vitriolic political character. Emotions ran strongly against the conferring of mandatory status upon Statement of Accounting Concepts (SAC) 4. While the conceptual framework is one of the ongoing initiatives by the IASB (International Accounting Standard Board), the mixed success of the standard setters in the 1990s in Australia suggests powerful interests were been able to limit the regulatory ambitions of the AASB. In 1995, the extensive revisions of SAC 4 left no doubt that the interests of some specific lobbying groups were not favoured by SAC 4.This paper documents the identity of the ‘key’ players who had significant influence on the removal of mandatory status for SAC 4. It also reveals the value of structured interviews as a research tool in gaining a deeper understanding of the political activities surrounding accounting regulation in Australia
Original language | English |
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Title of host publication | Proceedings of 7th Asian Business Research Conference |
Editors | Md Mahbubul Hoque Bhuiyan |
Place of Publication | Melbourne, Australia |
Publisher | World Business Institute Australia |
Pages | 1-20 |
Number of pages | 20 |
ISBN (Print) | 9781922069160 |
Publication status | Published - 2012 |
Event | 7th Asian Business Research Conference - Dhaka, Dhaka, Bangladesh Duration: 21 Dec 2012 → 22 Dec 2012 |
Conference
Conference | 7th Asian Business Research Conference |
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Country/Territory | Bangladesh |
City | Dhaka |
Period | 21/12/12 → 22/12/12 |