What is the way forward for IASB’s research programme under the evidence-supported approach? Some analyses and comments based on the 2015 Agenda Consultation

Birt, Jacqueline, Hellman, Niclas, Jorissen, Ann, Mason, Stephani and Paananen, Mari (2016) What is the way forward for IASB’s research programme under the evidence-supported approach? Some analyses and comments based on the 2015 Agenda Consultation. Accounting in Europe, . doi:10.1080/17449480.2016.1208834

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Author Birt, Jacqueline
Hellman, Niclas
Jorissen, Ann
Mason, Stephani
Paananen, Mari
Title What is the way forward for IASB’s research programme under the evidence-supported approach? Some analyses and comments based on the 2015 Agenda Consultation
Journal name Accounting in Europe   Check publisher's open access policy
ISSN 1744-9480
1744-9499
Publication date 2016
Year available 2016
Sub-type Article (original research)
DOI 10.1080/17449480.2016.1208834
Open Access Status Not Open Access
Total pages 15
Place of publication Abingdon, Oxon United Kingdom
Publisher Routledge
Collection year 2017
Language eng
Abstract The purpose of this paper is twofold: (1) the paper reviews the International Accounting Standards Board (IASB's) evidence-supported approach to standard setting, in particular the very broad definition of evidence that does not distinguish between scientific evidence used for developing the normative foundation (the standards) and observations in practice. Based on comparisons with medicine and auditing, we argue that there are good reasons for the IASB to separate scientific evidence from other sources of information. As producers of scientific evidence, the academic community must consider whether better alignment between publishing incentives and standard setting can be achieved. (2) Examining the 2015 Agenda Consultation, the ‘top-five’ research projects were identified: ‘Disclosure Initiative – Principles of Disclosure’, ‘Primary Financial Statements’, ‘Financial Instruments with Characteristics of Equity’, ‘Business Combinations under Common Control’, and ‘Goodwill and Impairment’. In order to further support evidence-informed standard setting, we provide research-based comments on these projects (based on the European Accounting Association's Agenda Consultation comment letter).
Keyword Standard setting
Research programme
Evidence
IFRS
Agenda consultation
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: HERDC Pre-Audit
UQ Business School Publications
 
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Created: Thu, 04 Aug 2016, 16:15:40 EST by Karen Morgan on behalf of UQ Business School