addition the study questioned the ASBs claim to be user oriented because the

Addition the study questioned the asbs claim to be

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addition, the study questioned the ASB’s claim to be user -oriented because the changes made to FRED 1 were to avoid confusion for users. In contrast, the study argued that the ASB had a vested interest in making the development of this particular accounting standard a success and that this was the reason why the issue was chosen. Weetman (2001, p. 88) concluded that institutional arrangements and the subjectivity of decision makers were determining factors in the consideration of the accounting agenda. There are a number of limitations to this study. First, the study’s interpretation of the absence of change as an indication of non-action (and hence exertion of power) is questionable. Considering the effort that has typically taken place prior to the publication of an exposure draft, including the development of a consultation paper, the lack of change might be an indication of a functioning consultation process or the high quality of work prior to the issue of the exposure draft. More valid is the proposition that the selective distribution of the discussion paper prior to the development of FRED 1 could be considered as an exertion of power. However, it could also be argued that it is sensible to seek initial feedback from technical experts. In addition, the distribution of the issues paper to 340 participants does not appear to be very selective, as there were 89 respondents (only 14 respondents more than to the discussion paper). Unfortunately, the study does not comment on how this selection was made or the cross-over between the respondents to the discussion paper and to FRED 1. Overall, the study does not offer a systematic or theoretical explanation of the real motivations of the ASB (2009b, p. 44) and would have benefitted from a more in- depth application of Lukes’ construct.
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50 As Howieson (2009b, p. 44) identifies, in-depth interviews with key players would have offered more direct evidence and a better basis for the use of Lukes’ model. 2.3 SUMMARY: TRADITIONAL CONSTRUCTS AND STUDIES OF ACCOUNTING AGENDA SETTING The literature review compared previous studies of accounting agenda setting and discussed their strengths and weaknesses. The focus of the review was to identify the most appropriate construct for the investigation of the GAAP/GFS harmonisation agenda setting case. The constructs in this chapter were classified into actor-centred, problem-centred and non-decision making models. The review of subjects of the case studies found that the constructs are mostly applied to in-depth single case studies, with few examples of comparative or multiples case studies of accounting agenda setting. This can be seen as a sign of the early stages of research in this area and the exploratory nature of it. The review also highlighted the specific circumstances of each agenda setting case and the only comparative case study reviewed (Burrows and Rowles 2010) confirmed the difficulties of comparisons.
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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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