Inside the Black Box of IASB Standard Setting: Evidence from Board Meeting Audio Playbacks on the Amendment of IAS 19 (2011)
Forthcoming, 'Accounting in Europe', A journal of the European Accounting Association DOI: 10.1080/17449480.2018.1501502
57 Pages Posted: 4 Feb 2019
Date Written: July 1, 2018
We provide evidence on the little researched internal sphere of private IASB standard setting, more specifically, on the dynamic of board discussions and the respective impact of exogenous input such as comment letters, the array of arguments evoked in IASB debates, individual board member contribution and board-staff relations. We conduct a content analysis of audio recordings of 14 IASB meetings on the amendment of IAS 19 Employee Benefits (2011) between November 2008 and February 2010. Our main findings comprise the argument-based handling of comment letters not being conditioned by the political or economic importance of the senders, the gatekeeper role of staff members in channeling exogenous input and their equal role in board discussions and the dominant reference to conceptual arguments there. We also point to the heterogeneous involvement of board members, their different attribution to key issues and to further observations regarding the meeting governance, board’s discussion culture and etiquette. Our paper adds to the literature on private IASB standard setting, pension accounting and group decision making.
Keywords: Due Process, Board Meetings, IASB, IAS 19, Group Decisions, Lobbying, Pensions, Standard Setting, Comment Letter, Staff, Audio Files
JEL Classification: D72, K20, M41
Suggested Citation: Suggested Citation