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The financing of the IASB: An analysis of donor diversity

Robert K. Larson and Sara York Kenny

Journal of International Accounting, Auditing and Taxation, 2011, vol. 20, issue 1, 1-19

Abstract: The U.S. Securities and Exchange Commission (SEC) and others are concerned about the funding of the International Accounting Standards Board (IASB), which is widely recognized as the global accounting standard-setting organization. Issues raised include the long-term viability and legitimacy of the IASB due to its historic reliance on voluntary donations, which in turn has led to questions about the IASB's independence and whether donors to the IASB might be able to exert undue influence in the standard-setting process. These issues are critical factors in the SEC's analysis of the adoption of International Financial Reporting Standards in the U.S. This exploratory study investigates these concerns by examining the funding of the IASB with a focus on the characteristics of donors and their national and stakeholder interest group diversity.

Keywords: International Accounting Standards Board; IASB; International Financial Reporting Standards; IFRS; Financing; Legitimacy (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:20:y:2011:i:1:p:1-19

DOI: 10.1016/j.intaccaudtax.2010.12.003

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