The Politics of Accounting Standard-Setting: A Review of Empirical Research
Posted: 16 Dec 2013
Date Written: December 10, 2013
We provide an overview of the empirical literature on the politics of accounting standard-setting, focusing on the US 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, economic consequences, FASB, lobbying, politics
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