IASB's independence in the due process: an examination of interest groups’ influence on the development of IFRS 9

Samindi Ishara Hewa, Rajni Mala and Jinhua Chen

Accounting and Finance, 2020, vol. 60, issue 3, 2585-2615

Abstract: This mixed‐method study examines whether and how the International Accounting Standards Board (IASB) was influenced by interest groups during the development of the expected credit loss (ECL) model for IFRS 9 Financial Instruments. Content analysis of 327 comment letters revealed that the IASB was influenced. However, Fisher's exact test and chi‐square goodness‐of‐fit test showed that, to a greater extent, the influence was not significant. Furthermore, qualitative analyses of the arguments put forward by interest groups showed that as a result of interest groups’ inputs, accounting requirements for the ECL model were made more operational, less complex and potentially productive of more comparable financial information.

Date: 2020
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https://doi.org/10.1111/acfi.12426

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Persistent link: https://EconPapers.repec.org/RePEc:bla:acctfi:v:60:y:2020:i:3:p:2585-2615

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