some needless differences between the accounting presentation and the

Some needless differences between the accounting

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some needless differences between the accounting presentation and the statistical presentation. We would be very keen to see whether we can remove those differences.” (JCPAA 2002, paragraph 6.73) The ABS was also represented in the HoTARAC Working Group from 2001 onwards and continued its support of GAAP/GFS harmonisation after the FRC’ s strategic direction in 2002 and provided staff resources to support the development of AASB 1049. Interviews indicated that ABS staff members had close connections to the IMF. Australian statisticians were, with AASB staff, actively involved in the international development of the GFS frameworks from the mid-1990s. For example, a former staff member of the ABS prepared a working paper “The Case for Accrual Recording in the IMF’s Government Finance Statistics System” for the IMF: “It was a key document in the debate over the shift from the cash basis of recording to the accrual basis. In August 1996, Government Finance Statistics: Annotated Outline was circulated for comment and the first draft of a manual was written by [xxx; former ABS staff] througho ut 1996 and 1997.” (IMF 2001) In 2004, Edwards became the Director of the Statistics Department of the IMF. Harper also worked at the IMF for three years, before returning to Australia, to become Deputy Australian Statistician of the Population, Labour and Social Statistics Group. The close relationship between the ABS and the IMF might have been a reason why there were minimum concerns about dependency on the IMF. There was no evidence that this was considered during the agenda setting process. In summary, whilst the role and motivations of the ABS and its staff could not be directly confirmed, data from interviews, documented events and other material suggest that they actively supported the project with the motivation to improve the quality of data for GFS purposes. The analysis also suggests that the ABS relied predominantly
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228 on actors from Finance and Treasury to promote the project publicly and was not involved in coupling the three streams of problems, policy and politics. There was no evidence that the ABS explicitly raised its own motivation for better quality data. Instead, they ‘went along’ with the arguments by the PEs for improved public sector reporting through GAAP/GFS harmonisation. It appears that the ABS provided background input into technical feasibility and public support for the project. There was no evidence about consideration of the normative aspects, costs or the dependency on two standard setting bodies. 8.3.5 Political actors The PEs viewed political actors as being powerful and lobbied them to increase pressure on the FRC and the AASB to support their project. The two political committees that were lobbied were the SFPALC and the JCPAA. The lobbying process was predominantly concerned with cognitive and normative aspects, but included considerations of representation of public constituents at the FRC and AASB level.
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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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