TY - JOUR
T1 - The political and unstable nature of the IASB's 'stable platform'
T2 - Post-convergence Australian experience
AU - Chand, Parmod
AU - Cummings, Lorne
PY - 2008/9
Y1 - 2008/9
N2 - On 31 March 2004, the International Accounting Standards Board (IASB) established the 'stable platform' of new and revised standards applicable from 1 January 2005. We review the major changes made by the IASB to its stable platform of standards to illustrate how politics and lobbying influence the standard-setting process. Furthermore, Australian experience since International Financial Reporting Standards (IFRS) adoption is used to illustrate the impact and extent of these and other changes within the local environment. Continuous changes to IFRS undoubtedly complicate the convergence process, particularly when they are largely indicative of political considerations rather than conceptual underpinnings.
AB - On 31 March 2004, the International Accounting Standards Board (IASB) established the 'stable platform' of new and revised standards applicable from 1 January 2005. We review the major changes made by the IASB to its stable platform of standards to illustrate how politics and lobbying influence the standard-setting process. Furthermore, Australian experience since International Financial Reporting Standards (IFRS) adoption is used to illustrate the impact and extent of these and other changes within the local environment. Continuous changes to IFRS undoubtedly complicate the convergence process, particularly when they are largely indicative of political considerations rather than conceptual underpinnings.
UR - http://www.scopus.com/inward/record.url?scp=69149097958&partnerID=8YFLogxK
U2 - 10.1111/j.1835-2561.2008.0022.x
DO - 10.1111/j.1835-2561.2008.0022.x
M3 - Article
AN - SCOPUS:69149097958
SN - 1035-6908
VL - 18
SP - 175
EP - 184
JO - Australian Accounting Review
JF - Australian Accounting Review
IS - 3
ER -