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Developing Accounting Regulations that Reflect Public Viewpoints: The Australian Solution to Differential Reporting

Developing Accounting Regulations that Reflect Public Viewpoints: The Australian Solution to... In this paper, we analyse the factors that have shaped the approach taken by the Australian Accounting Standards Board (AASB) in addressing the issue of differential reporting in Australia. In contrast to its early adoption of International Financial Reporting Standards in 2005, the AASB has signalled an independent approach to differential reporting. Still in progress at the time of writing, we show how the AASB's approach has been shaped by feedback from key stakeholder groups, as well as by influential individuals and key events. In the face of strongly held views on both sides of the debate, the Board has moved from reliance on discursive techniques to develop and justify proposed policies to embracing to a greater extent, the use of more objective research evidence to resolve the empirical questions presented in the public debate. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Accounting Review Wiley

Developing Accounting Regulations that Reflect Public Viewpoints: The Australian Solution to Differential Reporting

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Publisher
Wiley
Copyright
© 2013 CPA Australia
ISSN
1035-6908
eISSN
1835-2561
DOI
10.1111/auar.12000
Publisher site
See Article on Publisher Site

Abstract

In this paper, we analyse the factors that have shaped the approach taken by the Australian Accounting Standards Board (AASB) in addressing the issue of differential reporting in Australia. In contrast to its early adoption of International Financial Reporting Standards in 2005, the AASB has signalled an independent approach to differential reporting. Still in progress at the time of writing, we show how the AASB's approach has been shaped by feedback from key stakeholder groups, as well as by influential individuals and key events. In the face of strongly held views on both sides of the debate, the Board has moved from reliance on discursive techniques to develop and justify proposed policies to embracing to a greater extent, the use of more objective research evidence to resolve the empirical questions presented in the public debate.

Journal

Australian Accounting Review – Wiley

Published: Mar 1, 2013

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