The level of desired and actual independence of the standard setting bodies

The level of desired and actual independence of the

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The level of desired and actual independence of the standard setting bodies should be clearly identified in form and implemented in substance to ensure that the respective bodies do not lose control over their agendas. It is also important that formalised due process procedures based on experiences of established accounting standard setting bodies for agenda (and arguably standard) setting are developed and put into action from the very beginning to avoid the pitfalls of the Australian experience. 9.2.3 Boundaries and limitations of the case study There are a number of boundaries and limitations to the research project. They relate to the content of the case study and to the methods used. The research questions focused on the agenda setting process of GAAP/GFS harmonisation at the FRC level. The study does not consider the development and the implementation of the resulting accounting standard. This means that the study does not allow an assessment of whether the claims and arguments made by the promoters of GAAP/GFS harmonisation have been achieved. Due to the study’s focus on the FRC, the decision -making process at the AASB level was only considered with respect to its influence on the FRC’s agenda setting process. This means, that the consideration of GAAP/GFS harmonisation at the
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268 level of the AASB were not investigated in the same depth as the FRC agenda setting process and not all AASB members at the time were contacted for an interview. While it is recognised that further interviews with AASB members, as well as more members from the epistemic communities might have offered further insights into the agenda setting process, mitigating techniques were used to ensure the quality of the research, including data triangulation and interviews until data saturation was achieved. The use of oral history had a number of limitations. A number of individuals and organisations decided not to participate in the research project, could not be contacted or had already passed away. Despite extensive interviews and supplementation with written data, some details of the lobbying activities, including information about timing and content, could not be obtained. This was because individuals were sometimes not able to remember details about informal events. Future studies about agenda setting processes could conduct interviews closer to the events or attempt to observe directly relevant activities. A general limitation of single in-depth case studies is that findings cannot be generalised. Nonetheless, by ensuring the quality of the research through the elements presented in Chapter 5 of this thesis, the findings of this case study provided trustworthy and useful information about and insights into (accounting) agenda setting processes to inform future research and practice.
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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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