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Proposed Merger Between Australian Standard‐Setting Bodies: Summary of a Panel Session

Author

Listed:
  • Michael Bradbury
  • Amir Ghandar
  • Noel Harding
  • Bryan Howieson
  • Stephen Taylor

Abstract

This paper examines the implications of the proposed merger of the Australian Accounting Standards Board (AASB), the Auditing and Assurance Standards Board (AuASB) and the Financial Reporting Council (FRC) into a single entity. The merger is designed to improve efficiency, consistency and the adoption of new sustainability standards. During a panel discussion at the AFAANZ Annual Conference, experts analysed the potential impact of the merger on standard‐setting practices, highlighting the need for robust justification and increased transparency. The study highlights the complex interplay of regulatory, national and international contexts shaping this remarkable restructuring.

Suggested Citation

  • Michael Bradbury & Amir Ghandar & Noel Harding & Bryan Howieson & Stephen Taylor, 2024. "Proposed Merger Between Australian Standard‐Setting Bodies: Summary of a Panel Session," Australian Accounting Review, CPA Australia, vol. 34(4), pages 366-370, December.
    • Handle: RePEc:bla:ausact:v:34:y:2024:i:4:p:366-370
    DOI: 10.1111/auar.12442
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    References listed on IDEAS

    as
    1. Michael Bradbury & Tony Zijl, 2006. "Due Process and the Adoption of IFRS IN New Zealand," Australian Accounting Review, CPA Australia, vol. 16(39), pages 86-94, July.
    2. 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.
    3. Michael E. Bradbury & Tom Scott, 2021. "What accounting standards were the cause of enforcement actions following IFRS adoption?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(S1), pages 2247-2268, April.
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    Cited by:

    1. Yaowen Shan & Sue Wright, 2024. "Good Governance," Australian Accounting Review, CPA Australia, vol. 34(4), pages 263-264, December.

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