The Politics of Accounting Standard-Setting: A Review of Empirical Research
54 Pages Posted: 19 Oct 2013 Last revised: 16 Dec 2013
Date Written: October 17, 2013
We provide an overview of the empirical literature on the politics of accounting standard setting, focusing on the U.S. Financial Accounting Standards Board (FASB). Although it is clear from casual observation that politics sometimes plays a first-order role in the determination of accounting standards, we argue that more can be done to improve our understanding of this important topic. Based on our review, we outline what we see to be a number of potentially fruitful directions for future research.
Keywords: Accounting standards, FASB, politics, lobbying, economic consequences
JEL Classification: M41
Suggested Citation: Suggested Citation