A Neofunctionalist perspective on international accounting convergence: analysis and insights

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionResearchpeer-review

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.
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

Fingerprint

International accounting
Treaties
Sociological theory
European integration
Accounting standard setting
Paradigm
Incremental
Realignment
International Financial Reporting Standards
Factors

Keywords

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

Cite this

Cummings, L., & Chand, P. (2007). A Neofunctionalist perspective on international accounting convergence: analysis and insights. In M. Milne (Ed.), Proceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference (pp. 1-23). Auckland: APIRA Organising Committee and Conference Secretariat.
Cummings, Lorne ; Chand, Parmod. / A Neofunctionalist perspective on international accounting convergence : analysis and insights. Proceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference. editor / Markus Milne. Auckland : APIRA Organising Committee and Conference Secretariat, 2007. pp. 1-23
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Cummings, L & Chand, P 2007, A Neofunctionalist perspective on international accounting convergence: analysis and insights. in M Milne (ed.), Proceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference. APIRA Organising Committee and Conference Secretariat, Auckland, pp. 1-23, Asia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007), Auckland, 8/07/07.

A Neofunctionalist perspective on international accounting convergence : analysis and insights. / Cummings, Lorne; Chand, Parmod.

Proceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference. ed. / Markus Milne. Auckland : APIRA Organising Committee and Conference Secretariat, 2007. p. 1-23.

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionResearchpeer-review

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AB - 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.

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Cummings L, Chand P. A Neofunctionalist perspective on international accounting convergence: analysis and insights. In Milne M, editor, Proceedings of the 5th Asia Pacific Interdisciplinary Research in Accounting Conference. Auckland: APIRA Organising Committee and Conference Secretariat. 2007. p. 1-23