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How the XRB Uses Research in Setting Accounting and Assurance Standards

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  • Michael E. Bradbury

Abstract

In this paper I describe how the New Zealand External Reporting Board (XRB) and its sub‐boards, the New Zealand Accounting Standards Board (NZASB) and the New Zealand Auditing and Assurance Standards Board (NZAuASB), use research in setting accounting and assurance standards. The XRB came into existence on 1 July 2011. In the early years (2011–2014) the focus was on getting the Accounting Standards Framework in place. Research into (financial statement) user‐needs became a major strategy in 2014 and continues to be a key component of the boards’ due process.

Suggested Citation

  • Michael E. Bradbury, 2020. "How the XRB Uses Research in Setting Accounting and Assurance Standards," Australian Accounting Review, CPA Australia, vol. 30(4), pages 249-256, December.
    • Handle: RePEc:bla:ausact:v:30:y:2020:i:4:p:249-256
    DOI: 10.1111/auar.12318
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    References listed on IDEAS

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    1. Alan Teixeira, 2014. "The International Accounting Standards Board and Evidence-Informed Standard-Setting," Accounting in Europe, Taylor & Francis Journals, vol. 11(1), pages 5-12, June.
    2. Dimu Ehalaiye & Fawzi Laswad & Nives Botica Redmayne & Warwick Stent & Lei Cai, 2020. "Are Financial Reports Useful? The Views of New Zealand Public Versus Private Users," Australian Accounting Review, CPA Australia, vol. 30(1), pages 52-64, March.
    3. Beaver, Wh, 1968. "Information Content Of Annual Earnings Announcements," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 6, pages 67-92.
    4. Mukesh Garg & Kris Peach & Roger Simnett, 2020. "Evidence‐informed Approach to Setting Standards: A Discussion on the Research Strategies of AASB and AUASB," Australian Accounting Review, CPA Australia, vol. 30(4), pages 243-248, December.
    5. Carolyn J. Cordery & Dalice Sim & Tony Zijl & Gary Monroe, 2017. "Differentiated regulation: the case of charities," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(1), pages 131-164, March.
    6. Michael E. Bradbury, 1998. "Harmonising with Overseas Accounting Standards: A New Zealand Perspective," Australian Accounting Review, CPA Australia, vol. 8(16), pages 18-23, November.
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    Cited by:

    1. Akhtar Ali & Imran Abbas Jadoon, 2022. "The Value Relevance of Corporate Sustainability Performance (CSP)," Sustainability, MDPI, vol. 14(15), pages 1-31, July.
    2. Inês Pinto & Ana Isabel Morais, 2022. "Classification of Equity Instruments under IFRS 9: Determinants and Consequences," Australian Accounting Review, CPA Australia, vol. 32(4), pages 411-426, December.
    3. Michael Bradbury & Bryan Howieson, 2020. "Editorial: Promoting the Usefulness of Research to Standard Setters," Australian Accounting Review, CPA Australia, vol. 30(4), pages 229-230, December.

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