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 [1986])

3 Pages Posted: 26 Jul 2008 Last revised: 23 Feb 2018

See all articles by Ehsan H. Feroz

Ehsan H. Feroz

University of Washington Tacoma, Milgard School of Business-Accounting ; University of Illinois at Urbana-Champaign; Government of the United States of America - US GAO Advisory Council; University of Minnesota Duluth, Labovitz School of Business-Department of Accounting; University of Minnesota, Carlson School of Management-Department of Accounting; American Accounting Association

Date Written: January 1, 1989

Abstract

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

Feroz, Ehsan H., 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 [1986]) (January 1, 1989). Accounting Review, Vol. 64, No. 1, pp. 187-188, 1989, Available at SSRN: https://ssrn.com/abstract=1177791

Ehsan H. Feroz (Contact Author)

University of Washington Tacoma, Milgard School of Business-Accounting ( email )

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