A Neofunctionalist perspective on international accounting convergence

analysis and insights

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Whilst a number of studies have examined the evolution of the accounting standard setting process across time and identified various factors affecting the development of International Financial Reporting Standards (IFRS), the literature on international accounting has proceeded without an examination of theoretical paradigms which may explain the convergence process. As accounting operates within a social and political sphere, the convergence process can be better understood by examining the framework in which this dialogue takes place. Neofunctionalism, a sociological theory used to explain European integration efforts since the inception of the Treaty of Paris in 1951, is used in this paper to analyse the current international convergence process in accounting and offer insights into prospects for convergence in the future. The paper demonstrates that the ongoing dialogue and agreement between various institutions in the convergence process, like European convergence, is incremental, as opposed to one based on sudden structural re-alignments.
Original languageEnglish
Title of host publicationProceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference
EditorsMarkus Milne
Place of PublicationAuckland
PublisherAPIRA Organising Committee and Conference Secretariat
Pages1-23
Number of pages23
Publication statusPublished - 2007
EventAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007) - Auckland
Duration: 8 Jul 200710 Jul 2007

Conference

ConferenceAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007)
CityAuckland
Period8/07/0710/07/07

Keywords

  • neofunctionalism
  • integration theory
  • IASB
  • convergence
  • international accounting

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