The observations made and challenges encountered in this case study highlight

The observations made and challenges encountered in

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The observations made and challenges encountered in this case study highlight the need for further research in this area. It was argued that the PEs created a new epistemic community because of a need for support of the project. Two collective actors, the FRC and the AASB, were criticised for their decisions. The FRC was criticised by some AASB interviewees that its reason for issuing the strategic direction was “to justify its existence”. The AASB, dominated by private sector members with arguably little
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284 knowledge about public sector accounting issues, was criticised by public sector constituents for focusing on private sector issues. As demonstrated above, individual actors were, however, not perceived to act out of self-interest. 9.3.2 Contributions of the DASF The theoretical contribution of this research project is the development and application of the DASF. The DASF combined MS with DI to address the lack of institutional considerations identified in prior research. MS allowed a structured analysis of the roles and interactions of the three streams of problems, policy and politics in the agenda setting process. It also highlighted the integral role of the PEs in this process. The incorporation of DI allowed a more holistic consideration of the GAAP/GFS harmonisation agenda setting process. A major contribution of the DASF is its focus on the discursive elements of agenda setting. This focus allowed an analysis of the arguments that were used by different actors who were involved in the agenda setting process. It included explanations of the arguments that were made to influence the agenda setting process in different fora. By attributing discursive and ideational abilities to actors in the agenda setting process, the DASF can allow an assumption that actors have a high level of agency and relax the assumption that they are not simply motivated by self-interest and limited by existing structures. The DASF also provided a structure for the historical background against which the context of GAAP/GFS harmonisation was set and within which the actors had to operate. The research project showed that the PEs were able to target their arguments to the appropriate audience. The AASB was the exception. This challenge was, however, overcome by refocusing on the FRC. The focus on the discursive elements in the GAAP/GFS harmonisation agenda setting process also showed the FRC’s failure to participate in the full spectrum of the discourse. In particular, FRC members with
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285 private sector backgrounds did not sufficiently engage in the cognitive aspects of the discourse and a consideration of potential future constraints or costs. This made it possible for the PEs to persuade private sector FRC members and to push a decision for GAAP/GFS harmonisation at the FRC level within a very short period.
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  • Fall '13
  • Government, The Land, International Financial Reporting Standards, Financial Accounting Standards Board, Australian Accounting Standards Board, Snow

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