The legitimacy of International Financial Reporting Standards (IFRS) : an assessment of the due process of standard-setting

Autor:	Amisi, Bright
Jazyk:	angličtina
Rok vydání:	2013
Předmět:	Legitimacy Due process IASB Financial instruments IFRS 9 IFRS 13 IAS 39 Governance Participation Standard-setting 657.0218 Accounting Standards Financial statements International financial reporting standards Corporations Corporate governance
Druh dokumentu:	Dissertation
Popis:	International Financial Reporting Standards (IFRS) are required or permitted for use in over 100 countries across the world. IFRS are developed by the International Accounting Standards Board (IASB). The IASB, with no formal or legal mandate, is performing a task normally reserved for national standard-setters. This study sought to establish the legitimacy of IFRS by assessing the due process of the IASB. The study established that countries have different motivations for choosing IFRS which raises legitimacy concerns. The global financial crisis compounded the legitimacy challenges of IFRS by exposing due process vulnerabilities. The study established that the IFRS governance structures are dominated by powerful stakeholders especially members of the G-20. Although the due process procedures provide opportunities for participation, actual participation is still dominated by constituents from Europe. Africa and South America still account for very low proportions of governance seats and participants in standard-setting projects. Financial Accounting M. Com. (Accounting)
Databáze:	Networked Digital Library of Theses & Dissertations
Externí odkaz:	http://hdl.handle.net/10500/11873 Zobrazit plný text záznamu