actors in these bodies were varied and the PEs cognitive and normative aspects

Actors in these bodies were varied and the pes

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actors in these bodies were varied and the PEs’ cognitive and normative aspects were tailored to the forum they were addressing. The PEs initially focused their lobbying attention on the PSASB and, later, on its successor the AASB. After realising that the AASB was not going to address the issue to their satisfaction, the PEs refocused their attention on the FRC. In addition, the PEs increased their level of lobbying activity at the policy and political level. At the political level, cognitive aspects were discussed at a superficial program level, but with little technical detail. Normative arguments were implicit and discussed to the extent that politicians expressed concern and confusion about the dual reporting regime from approximately 2001 onwards. The PEs proposed that GAAP/GFS harmonisation could resolve this confusion and other issues. The increased lobbying activities with political actors resulted in a parliamentary committee review, BEFR, specifically recommending GAAP/GFS harmonisation and communication from politicians to the FRC that stated their support for the project. No evidence was found that costs or other future constraints were discussed in any meaningful manner outside the AASB. However, it was agreed at the FRC level that Treasuries around Australia would provide support, including additional resources to the AASB. In June 2002, the PEs recognised a window of opportunity to catapult GAAP/GFS harm onisation onto the FRC’s agenda when the FRC issued its first strategic direction to the AASB. They were able to convince the FRC that this strategic direction was predominantly a private sector initiative and that a similar directive was needed for the public sector. At this point in time, the PEs had managed through a combination of
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251 direct access and a window of opportunity to bring their chosen solution onto the FRC’s agenda without having demonstrated to the FRC the support of the epistemic community, technical feasibility or normative considerations of the project or a discussion of potential future constraints. Addressing research question 3, it is argued that the PEs were able to exploit this window further and convinced the FRC to issue a strategic direction on GAAP/GFS harmonisation to the AASB. These factors also supported the PEs’ objectives to convince the FRC to not only to consider but to act upon GAAP/GFS harmonisation. By mid to late 2002, the PEs had coupled the three streams of problems, policy and politics. They had identified and articulated a clear set of public sector accounting problems that could be addressed by GAAP/GFS harmonisation. They had the support of the newly created epistemic community within the policy stream and the support of political actors and were able to communicate their support to the FRC. In addition, the data suggested that there was a certain receptivity of the FRC to this project, as the board saw it as one of its responsibilities to issue strategic directions.
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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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