IASB's independence in the due process

an examination of interest groups’ influence on the development of IFRS 9

Research output: Contribution to journalArticle

Abstract

This mixed‐method study examines whether and how the International Accounting Standards Board (IASB) was influenced by interest groups during the development of the expected credit loss (ECL) model for IFRS 9 Financial Instruments. Content analysis of 327 comment letters revealed that the IASB was influenced. However, Fisher's exact test and chi‐square goodness‐of‐fit test showed that, to a greater extent, the influence was not significant. Furthermore, qualitative analyses of the arguments put forward by interest groups showed that as a result of interest groups’ inputs, accounting requirements for the ECL model were made more operational, less complex and potentially productive of more comparable financial information.
Original languageEnglish
Number of pages31
JournalAccounting & Finance
DOIs
Publication statusE-pub ahead of print - 21 Dec 2018

Keywords

  • Expected credit loss model
  • IFRS 9
  • Impairment
  • Influence
  • Interest group

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