Proceedings of the 2022 5th International Conference on Humanities Education and Social Sciences (ICHESS 2022)

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The Comparison of Political and Technical Influence of the IASB Standard-Setting Process: Based on Key-Actors Model

Authors
Jiakai Chen1, *, Jingyi Xu1, Yifan Guo1, Yinuo Zhao2, Yuhan Bi1
1Beijing Institute of Technology, Beijing, China
2Purdue University, West Lafayette, United States
*Corresponding author. Email: jiakaichen2022@163.com
Corresponding Author
Jiakai Chen
Available Online 30 December 2022.
DOI
10.2991/978-2-494069-89-3_212How to use a DOI?
Keywords
IASB; Standard-Setting Process; IFRS; the European Commission; Big Four
Abstract

The International Accounting Standards Board (IASB) is the setter and issuers of international accounting standards, with a goal to establish high-quality, easy-to-understand and feasible international accounting standard around the world. However, the truth is that IASB has not yet reach its goal. This article aims to discuss the factors influencing the process to reach a fair international accounting standard. By defining and analyzing political and technical influence respectively, we mainly illustrated the relationship and effects between influential institution in the standard-setting process with the help of Key-actors Model. We concluded that the IASB standard setting process is more influenced by political factors than technical, and joint efforts between each related institutions are needed to reach a balance between these two factors and formulate a fair international accounting standard.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 5th International Conference on Humanities Education and Social Sciences (ICHESS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
30 December 2022
ISBN
10.2991/978-2-494069-89-3_212
ISSN
2352-5398
DOI
10.2991/978-2-494069-89-3_212How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiakai Chen
AU  - Jingyi Xu
AU  - Yifan Guo
AU  - Yinuo Zhao
AU  - Yuhan Bi
PY  - 2022
DA  - 2022/12/30
TI  - The Comparison of Political and Technical Influence of the IASB Standard-Setting Process: Based on Key-Actors Model
BT  - Proceedings of the 2022 5th International Conference on Humanities Education and Social Sciences (ICHESS 2022)
PB  - Atlantis Press
SP  - 1854
EP  - 1861
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-89-3_212
DO  - 10.2991/978-2-494069-89-3_212
ID  - Chen2022
ER  -