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Title: Formal participation in the IASB's due process of standard setting: a multi-issue/multi-period analysis
Authors: Jorissen, Ann
Lybaert, Nadine 
Orens, Raf
Vander Tas, Leo
Issue Date: 2012
Source: European Accounting Review, 21 (4), p. 693-729
Abstract: This paper sets out to enquire about the nature of constituents' participation in the IASB's due process in terms of representation (constituents' diversity and characteristics) and drivers to participate. We choose to adopt a multi-issue/multi-period approach to investigate constituents' formal participation. An analysis of comment letters sent directly to the IASB over the period 2002–2006, reveals that preparers sent most letters followed by the accounting profession and standard setters. With regard to timing, we find that preparers concentrate their participation efforts at a later stage in the process compared to the other constituents, who react earlier. Formal indirect participation in the IASB's due process by submitting comment letters to EFRAG is infrequently used by European constituents. In those cases where constituents exert influence to both IASB and EFRAG, they often use exactly the same comment letter. Concentrating on the drivers to participate, the data reveal that preparers, accountants and standard setters react significantly more when proposals have a major impact on the accounting numbers of a company. Users, stock exchanges and their supervisory authorities write significantly more comment letters when disclosure issues are at stake. Finally, participating preparers in the IASB's due process are larger and more profitable than non-participating preparers.
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ISSN: 0963-8180
e-ISSN: 1468-4497
DOI: 10.1080/09638180.2010.522775
ISI #: 000310591200002
Category: A1
Type: Journal Contribution
Validations: ecoom 2013
Appears in Collections:Research publications

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