TITLE

Powerful players: How constituents captured the setting of IFRS 6, an accounting standard for the extractive industries

AUTHOR(S)
Cortese, Corinne L.; Irvine, Helen J.; Kaidonis, Mary A.
PUB. DATE
June 2010
SOURCE
Accounting Forum;Jun2010, Vol. 34 Issue 2, p76
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Abstract: This paper illustrates the influence of powerful players in the setting of IFRS 6, a new International Financial Reporting Standard (IFRS) for the extractive industries. A critical investigative inquiry of the international accounting standard setting process, using Critical Discourse Analysis (CDA), reveals some of the key players, analyses the surrounding discourse and its implications, and assesses the outcomes. An analysis of small cross-section of comment letters submitted to the International Accounting Standards Committee (IASC) by one international accounting firm, one global mining corporation and one industry group reveal the hidden coalitions between powerful players. These coalitions indicate that the regulatory process of setting IFRS 6 has been captured by powerful extractive industries constituents so that it merely codifies existing industry practice.
ACCESSION #
86453622

 

Related Articles

  • MADDÄ° DURAN VARLIKLARIN KOBÄ°'LER İÇİN UFRS, TAM SET UFRS VE VERGÄ° USUL KANUNUN'DA (VUK) ARÅžILAÅžTIRILMASI. GENÇTÜRK, Mehmet; ÇELİK, İsmail; KARAMAN, Nagihan // Journal of Suleyman Demirel University Institute of Social Scien;2011, Vol. 14 Issue 2, p269 

    Due to its hardness to be understood by the SMEs, which they have no obligation to inform the community, IFRS for SMEs are issued on July 9th 2009 by the International Accounting Standards Committee to create a common language for all accounting financial statements users. IFRS for SMEs, which...

  • Formation of the SIC.  // CPA Journal;Sep97, Vol. 67 Issue 9, p12 

    Reports the establishment of Standing Interpretations Committee (SIC) by the Board of the International Accounting Standards Committee (IASC). Purpose of SIC; Its operating procedures; Steps of SIC due process; Draft interpretation of three accounting issues.

  • International.  // Accountancy Ireland;Feb1998, Vol. 30 Issue 1, p46 

    Presents the three final interpretations and four draft interpretations issued by the Standing Interpretations Committee of the International Accounting Standards Committee. Includes provision of guidance on consistency of different cost formulas for inventories; Capitalization of borrowing...

  • News from the International Accounting Standards Committee. Pacter, Paul // CPA Journal;Sep96, Vol. 66 Issue 9, p72 

    Reports on developments related to the International Accounting Standards Committee (IASC) as of September 1996. Proposal for a fourth basic financial statement; Attendance of the Office of the Chief Accountant of the US Securities and Exchange Commission at all IASC meetings.

  • IASC paper on accounting for pension costs.  // Management Accounting: Magazine for Chartered Management Account;Oct95, Vol. 73 Issue 9, p2 

    Reveals that an issues paper by the International Accounting Standards Committee (IASC) is the first stage of a project to update accounting requirements for retirement benefits. Content of paper; Comments from IASC's Secretary General Sir Bryan Carsberg.

  • International standards is the game over? ...ask Uncle Sam first. Shrives, Philip J. // Management Accounting: Magazine for Chartered Management Account;Mar98, Vol. 76 Issue 3, p50 

    Focuses on the degree of success of the International Accounting Standards Committee's (IASC) program and its accounting principles framework. Production of a number of exposure drafts due to an agreement with the International Organization of Securities Commission; Structural problems with the...

  • A test of wills. Wipperfurth, Heike // Investment Dealers' Digest;08/31/98, Vol. 64 Issue 35, p14 

    Reports on the controversial issue proposed by the International Accounting Standards Committee (IASC) in London, England requiring companies to put information on forecasted assets and liabilities into their earnings statements. Length of time the proposal can be commented on by the public;...

  • IASC to seek more compatibility and better funding.  // CMA Magazine;May91, Vol. 65 Issue 4, p8 

    Reports on the International Accounting Standards Committee's lineup of activities toward developing standards that will meet the needs of capital market and financial reporting needs of developing and industrialized countries. Holding of a conference of national standard setting bodies in June...

  • Draft interpretations.  // Chartered Accountants Journal;Oct97, Vol. 76 Issue 9, p64 

    Presents draft interpretations of accounting standards published by the Standing Interpretations Committee (SIC) of the International Accounting Standards Committee. Objective of the SIC; Need for application of international accounting standards; Role of the SIC in draft interpretation.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics