'Political' Lobbying of Proposed Standards: A Challenge to the IASB
Posted: 18 Jan 2002
The purpose of the paper is to contemplate the prospect of "political," i.e., self-interested, lobbying in the context of the issues coming before the International Accounting Standards Board (IASB). As illustrations, the paper reprises a number of episodes of "political" lobbying on proposed accounting standards that have occurred at both the international and country levels (especially the US), and it raises the specter of the intense compaign already being mounted by US industry to oppose any attempt by the IASB to develop a standard on employee stock options that goes further than the disclosure requirement in the FASB's Statement No. 123.
Keywords: Accounting standards; Lobbying; Stock options
JEL Classification: M41, M47
Suggested Citation: Suggested Citation