While the motivations of the PEs and other key individual actors was not a main

While the motivations of the pes and other key

This preview shows page 294 - 297 out of 354 pages.

While the motivations of the PEs and other key individual actors was not a main focus of the thesis, the data highlighted the variety of perceptions of the PEs motivations. In particular, it is important that the PEs were able to avoid any perception that the project was in their self- interest. This stands in contrast with Kingdon’s initial assumption that PEs act for their self-interest and highlights the need for further research into this area. The epistemic community of the GAAP/GFS harmonisation agenda setting process A review The thesis set out to investigate the existence and role of an epistemic community in the GAAP/GFS harmonisation agenda setting process. The thesis argued in Chapter 8 that the PEs created an epistemic community and lobbied individual and organisational
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281 actors, including their superiors in their respective departments, the Commonwealth Auditor-General and the ACAG, HoTs and the ABS. The following answers were found to the questions set out in section 4.6.2 of this thesis: What were the shared causal and normative beliefs of the epistemic community? The shared causal belief of the epistemic community was that the objectives of both micro-oriented GAAP accounting and macro-oriented GFS accounting could be addressed by a single set of GAAP/GFS harmonised accounting principles. The shared normative belief was that such a harmonised accounting standard would improve public sector financial reporting. What were their shared notions of validity? Technically, it was up to each jurisdiction to choose their financial reporting framework. The PEs and the epistemic community, however, recognised the importance of a validation of public sector accounting standards developed by the AASB. The development of an accounting standard by the AASB would provide a notion of legitimacy, as the AASB was perceived as an independent standard setter with a reputation of providing world-class accounting standards that were subject to a well- established consultative process and due diligence. The notion of validity of the ‘independent’ standard setting process to develop the GAA P/GFS harmonised accounting standard was inherently evident in the acceptance by all interviewees. It was also reflected in PE C’s quote (Interview 09/03/2010) that the purpose of the GAAP/GFS harmonisation project was about putting the AASB back in charge of accounting standard setting for the public sector in Australia.
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282 What was their common policy enterprise? The common policy enterprise was the GAAP/GFS harmonisation program itself. The project meant that common practice (the application of two separate reporting frameworks) of financial reporting by public sector accountants and economists would be changed to the application of one harmonised framework with the intention to improve public sector accounting. The normative argument that GAAP/GFS harmonisation would improve public sector accounting was repeatedly emphasised by
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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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