Stakeholder and jurisdictional influence in IFRS standard setting: the case of IFRS 10

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dc.contributor.authorDe Freitas, Monica Teixeira
dc.date.accessioned2020-09-16T08:00:14Z
dc.date.available2020-09-16T08:00:14Z
dc.date.issued2019
dc.descriptionA research project submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, in partial fulfilment of the requirements for the degree of Master of commerce. October 2019en_ZA
dc.description.abstractThe purpose of this paper explores the due process of accounting standard-setting by determining whether a stakeholder group and/or jurisdiction is more influential than other stakeholders/jurisdictions based on their acceptance/rejection rates relative to other stakeholders/jurisdictions. The legitimacy theory explains the findings and asks what consequences any bias may have for the IASB. This study expands the standard-setting literature by making use of the Bamber and McMeeking (2016) weighted method to IFRS 10. This study uses content analysis to analyse public comment letters and adopts Bamber & McMeeking’s (2016) methodology to control for the equal treatment of comments in answering the research questions. This paper answers the call to investigate allegations that the IASB standard-setting due process is influenced by specific stakeholders and jurisdictions, in this way, threatening their legitimacy. The limitation of this study is that the researcher considers IFRS 10 in isolation. As in prior work, the researcher concludes that although no single stakeholder/jurisdiction has a much greater influence over the IASB, there is some evidence of bias. Accounting firms appear to have significantly less influence than other stakeholders have. The IASB reacts less favourably to UK proposals than to those of the US. A lack of fairness (real or perceived) may jeopardise perceptions of the procedural legitimacy of the due process and, ultimately, impair the IASB's cognitive legitimacy.en_ZA
dc.description.librarianNG (2020)en_ZA
dc.facultyFaculty Commerce, Law and Managementen_ZA
dc.format.extentOnline resource (52 leaves)
dc.identifier.citationDe Freitas, Monica Teixeira (2019) Stakeholders and jurisdictional influence in IFRS standard setting: the case of IFRS 10, University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/29671>
dc.identifier.urihttps://hdl.handle.net/10539/29671
dc.language.isoenen_ZA
dc.rights.holderUniversity of the Witswatersrand, Johannesburg
dc.schoolSchool of Accountancyen_ZA
dc.subjectUCTD
dc.subjectWeighted method
dc.subjectContent analysis
dc.subjectDue process
dc.subjectlegitimacy
dc.subjectStandard-setting
dc.subjectInfluential
dc.subject.lcshFinancial statements--Standards
dc.subject.lcshAccounting--Standards
dc.subject.lcshInvestments--South Africa
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleStakeholder and jurisdictional influence in IFRS standard setting: the case of IFRS 10en_ZA
dc.typeDissertationen_ZA
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