The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB's Early History

37 Pages Posted: 22 Feb 2017

See all articles by Kees Camfferman

Kees Camfferman

Free University of Amsterdam

Stephen A. Zeff

Rice University - Jesse H. Jones Graduate School of Business

Date Written: February 20, 2017

Abstract

Based on Camfferman & Zeff (2015) we reflect on possibilities for academic research on the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRSs). We argue that a research agenda may be formed around the notion that the IASB differs from national standard setters because its constituent base includes jurisdictions as well as the more traditional preparer, user and auditor constituency groups. We show that taking a jurisdictional angle draws attention to the variety among the IASB’s jurisdictional constituents, identifying numerous research possibilities related to their decisions to adopt, or not to adopt, IFRSs, and to the mechanisms they have developed to form their own IFRS policies and to interact with the IASB. We illustrate how the IASB’s structure, governance, processes and standards are influenced by the challenge of reconciling the needs and values of a jurisdictional constituents with the objective of setting global accounting standards. We call for research on the ramifications of the diversity of jurisdictional constituents, as well as changing perceptions of standard setting within jurisdictions, for all aspects of the functioning of the IASB. Such research should make greater use of the variety of sources available to researchers today.

Suggested Citation

Camfferman, Kees and Zeff, Stephen A., The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB's Early History (February 20, 2017). European Accounting Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2920606

Kees Camfferman

Free University of Amsterdam ( email )

Amsterdam, ND North Holland
Netherlands

Stephen A. Zeff (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005
United States
713-348-6066 (Phone)
713-348-6296 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
91
Abstract Views
749
rank
278,225
PlumX Metrics