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
| Autor: | Mari Paananen, Ann Jorissen, Niclas Hellman, Jacqueline Birt, Stephani Mason |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
050208 finance
business.industry Economics Financial instrument 05 social sciences Equity (finance) Foundation (evidence) Accounting 050201 accounting Audit Public relations Scientific evidence Publishing Political science 0502 economics and business Goodwill Normative Business and International Management business Finance |
| Zdroj: | Accounting in Europe |
| ISSN: | 1744-9480 |
| Popis: | The purpose of this paper is twofold: (1) the paper reviews the International Accounting Standards Board (IASBs) 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 Associations Agenda Consultation comment letter). |
| Databáze: | OpenAIRE |
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