Download this Paper Open PDF in Browser

The Role of Non-Governmental Organizations (NGOs) as Intermediaries of the European Union Decision to Adopt International Accounting Standards: 1973-2002

Accounting Historians Journal, Forthcoming

79 Pages Posted: 5 Sep 2015 Last revised: 24 Jan 2017

Devrimi Kaya

Ruhr-University Bochum

Robert J. Kirsch

Southern Connecticut State University

Klaus Henselmann

University of Erlangen-Nürnberg (FAU)

Date Written: September 3, 2015

Abstract

This paper analyzes the role of non-governmental organizations (NGOs) as intermediaries in encouraging the European Union (EU) to adopt International Accounting Standards (IAS). Our analysis begins with the 1973 founding of the International Accounting Standards Committee (IASC), and ends with 2002 when the binding EU regulation was approved. We document the many pathways of interaction between European supranational, governmental bodies and the IASC/IASB, as well as important regional NGOs, such as the Union Européenne des Experts Comptables, Économiques et Financiers (UEC), the Groupe d’Etudes des Experts Comptables de la Communauté Économique Européenne (Groupe d’Etudes), and their successor, the Fédération des Experts Comptables Européens (FEE). This study investigates, through personal interviews of key individuals involved in making the history of the organizations studied, and an extensive set of primary sources, how NGOs filled key roles in the process of harmonization of international accounting standards.

Keywords: Accounting History, International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), Non-Governmental Organization (NGO), Fédération des Experts Comptables Européens (FEE), European Financial Reporting Advisory Group (EFRAG)

Suggested Citation

Kaya, Devrimi and Kirsch, Robert J. and Henselmann, Klaus, The Role of Non-Governmental Organizations (NGOs) as Intermediaries of the European Union Decision to Adopt International Accounting Standards: 1973-2002 (September 3, 2015). Accounting Historians Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2655742 or http://dx.doi.org/10.2139/ssrn.2655742

Devrimi Kaya (Contact Author)

Ruhr-University Bochum ( email )

Faculty of Management and Economics
Bochum, 44801
Germany

Robert J. Kirsch

Southern Connecticut State University ( email )

New Haven, CT 06515
United States

Klaus Henselmann

University of Erlangen-Nürnberg (FAU) ( email )

Accounting and Auditing
Lange Gasse 20
Nürnberg, 90403
Germany
++499115302378 (Phone)
++499115302401 (Fax)

HOME PAGE: http://www.pw.wiso.fau.de

Paper statistics

Downloads
166
Rank
154,709
Abstract Views
739