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Regards and Views toward International Accounting Standards Setting: A Critical Examination and Discussion

Asian Business Review

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Field Value
 
Title Regards and Views toward International Accounting Standards Setting: A Critical Examination and Discussion
 
Creator Ahmad, Afzal; Assistant Professor of Accounting, Department of Business Administration, International Islamic University Chittagong, Chittagong, BANGLADESH
 
Subject IAS, Accounting Information, Stakeholders, Marketing System Quality, Standard Setting Process, Holistic Approach
 
Description Accounting information is the basis for the stakeholders who take different economic decision time to time by assessing those accounting information reported by the business organization. That’s why; international accounting standard setting committee aims to protect the interest of the stakeholders by formulating a high-quality reporting standard. But this standard setting process is hindered by many external lobbying groups like government, political, economic and corporate group because there are the agency and other problems. This study aims to examine and discuss the theoretical and conceptual frameworks like different approaches and theories like a free market and regulatory approach. Moreover, it is still a debate whether free market or regulatory approach ensures the interest of the stakeholders more. However, this study identifies that standard setting process should be a holistic approach that should protect the interest of not only the stakeholders but also the organization.
 
Publisher Asian Business Consortium
 
Contributor —
 
Date 2015-09-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://journals.abc.us.org/index.php/abr/article/view/612
10.18034/abr.v5i3.612
 
Source Asian Business Review; Vol 5, No 3 (2015): 12th Issue; 127-130
2305-8730
2304-2613
 
Language eng
 
Relation http://journals.abc.us.org/index.php/abr/article/view/612/441
 
Rights Copyright (c) 2015 Afzal Ahmad
http://creativecommons.org/licenses/by-nc/4.0