IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2016i2p50-56.html
   My bibliography  Save this article

Due Process of the International Accounting Standard Board

Author

Listed:
  • Oleh Pasko

    (Sumy National Agrarian University, Sumy, Ukraine)

Abstract

The article is devoted to the investigation of the due process of the International Accounting Standards Board to identify the means of influence of the national interested parties on the global publishers of standards, and to build a similar system of accounting regulation in Ukraine. The stages of the due process of the International Accounting Standards Board are revealed in the context of mandatory procedures and the procedures of type 'comply or explain'. It is found that the main instrument of influence of the national interested parties is a comment letters to documents and projects for discussion. It is found that the due process of the IASB observes all the four prerequisites of a 'wise crowd': 1) diversity of opinions; 2) independence; 3) decentralization; 4) aggregation of opinions. The necessity of active participation of national accountants in the creation of global standards by sending comment letters is emphasized. The advantages of the egalitarian approach to the regulation of accounting are substantiated.

Suggested Citation

  • Oleh Pasko, 2016. "Due Process of the International Accounting Standard Board," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 50-56, June.
    • Handle: RePEc:iaf:journl:y:2016:i:2:p:50-56
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/374-nalezhna-pravova-procedura-radi-z-mizhnarodnih-standartiv-buhgalterskogo-obliku.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/374/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Volodymyr Metelytsia, 2013. "International Approaches to Regulation of Accounting Profession," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 35-47, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      International Accounting Standards Board; due process; accounting regulation; comment letters; national regulation of accounting;
      All these keywords.

      JEL classification:

      • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2016:i:2:p:50-56. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.