Developing Accounting Regulations that Reflect Public Viewpoints

The Australian Solution to Differential Reporting

Brad Potter*, Tom Ravlic, Sue Wright

*Corresponding author for this work

Research output: Contribution to journalArticle

11 Citations (Scopus)


In this paper, we analyse the factors that have shaped the approach taken by the Australian Accounting Standards Board (AASB) in addressing the issue of differential reporting in Australia. In contrast to its early adoption of International Financial Reporting Standards in 2005, the AASB has signalled an independent approach to differential reporting. Still in progress at the time of writing, we show how the AASB's approach has been shaped by feedback from key stakeholder groups, as well as by influential individuals and key events. In the face of strongly held views on both sides of the debate, the Board has moved from reliance on discursive techniques to develop and justify proposed policies to embracing to a greater extent, the use of more objective research evidence to resolve the empirical questions presented in the public debate.

Original languageEnglish
Pages (from-to)18-28
Number of pages11
JournalAustralian Accounting Review
Issue number1
Publication statusPublished - Mar 2013

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