The data further suggested that key individuals E and F left the persistent and

The data further suggested that key individuals e and

This preview shows page 184 - 187 out of 354 pages.

key individuals A and B. The data further suggested that key individuals E and F left the persistent and continuing promotion of the project to their subordinates, key individuals A and D. In addition, they left the coupling of the streams and the
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171 identification and association of the problems with the policy solution at a technical level to these individuals. In contrast to individuals E and F, key individuals A, B, C and D promoted the project in a more holistic perspective, explaining the benefits to numerous organisations or users. They promoted the project outside the political arena and were significantly involved in bringing together the three streams of problems, policy and politics. Furthermore, key individuals A, C and D took up strategic positions in the FRC and the AASB to promote GAAP/GFS harmonisation. As a result of the data analysis, the identification of PEs in the GAAP/GFS harmonisation agenda setting process was based on the critical criterion of ‘foreground discursive abilities’, in particular their high level of involvement with the coordination and communication of the process, which can also be referred to as the coupling of the three streams of problems, policy and politics. Key individuals A, B, C and D, hereafter referred to as PE A, PE B, PE C and PE D, were identified. How they used their foreground discursive abilities to enter GAAP/GFS harmonisation onto the agenda of the FRC is discussed in more detail in Chapters 7 and 8.
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172 CHAPTER 7 THE CONSTRUCTION OF GAAP/GFS HARMONISATION AS A POLICY SOLUTION 7.1 INTRODUCTION This chapter presents the historic background of the GAAP/GFS harmonisation agenda setting process and adopts an interpretive narrative and to address the first research question: 1. What was the historic institutional context in which the policy idea of ‘GAAP/GFS harmonisation’ was identified? In a paper written after the FRC’s strategic direction in December 2002, Challen and Jeffrey portrayed GAAP/GFS harmonisation as a well specified solution to a set of clearly identified problems: the existing duality of frameworks [the co-existence of reports based on GFS on the one hand and GAAP (AASB) principles on the other hand], which provides for financial reports that are substantially similar in appearance, with minor differences in presentation or measurement, detracts from the usefulness of the reports because it creates uncertainty about the meaning and reliability of the respective information; and there is no requirement for GFS outcome reports to be audited as general purpose reports, as no AAS currently exists. As a consequence, if reports are not audited, users have no independent verification of the reliability of the key outcome information that is provided, while there is limited incentive for governments to improve the quality of the information contained in the budget statements. (Challen and Jeffery 2003, p. 50) Challen and Jeffrey suggested that this ‘dual reporting regime’ was problemat ic
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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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