Book Reviews: Paul B.W. Miller and Rodney J. Redding, The FASB: the People, the Process and the Politics, Second Edition (Homewood, IL: Richard D. Irwin, 1988 )
3 Pages Posted: 26 Jul 2008 Last revised: 23 Feb 2018
Date Written: January 1, 1989
Accounting texts rarely devote adequate attention to the political process of accounting standards setting. Usually the subject is addressed, if at all, only in a graduate seminar, and many students get through business programs with a rather hazy idea about Generally Accepted Accounting Principles (GAAP), particularly its consensual basis. As Miller and Redding (1988) note, 'by its very nature, standards setting is very much a matter of politics' (p. xi).
Keywords: FASB, Accounting Theory, Standards Setting, GAAP, Political Economy
JEL Classification: L3, M4, P16 C44, C61, C67, D61, G18, G30, H10, I22, L30, L31, L51, M40, M41, M49, P16
Suggested Citation: Suggested Citation