International harmonisation of accounting imperialism

An Australian perspective

Research output: Contribution to conferenceConference paper presented at Conference (not in Proceedings)Researchpeer-review

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Abstract

Numerous authors, both practitioners and scholars, have constructed various justifications for the international harmonisation of accounting standards. To understand the motive behind establishing and implementing International Financial Reporting Standards (IFRS), this paper examined two reasons cited in the literature (reduction in cost of financial reporting and improvement in capital market efficiency) which argue for the setting of a global set of standards. This paper examined the constitution of the International Accounting Standards Board (IASB) and the relative positions of power of the member nations such as Australia, the EU and the US. The paper then analyses how IFRS help to expand imperialism. Subsequently, the post World War II imperialism of the US is examined to understand how the US can emerge as the most influential nation in setting globally enforced accounting standards.
Original languageEnglish
Publication statusPublished - 2005
Externally publishedYes
EventInternational Critical Management Studies Conference (ICMS) -
Duration: 1 Jan 2011 → …

Conference

ConferenceInternational Critical Management Studies Conference (ICMS)
Abbreviated titleICMS
Period1/01/11 → …

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Imperialism
Harmonization
Accounting standards
International Financial Reporting Standards
Financial reporting
Justification
Second World War
International Accounting Standards Board
Costs
Market efficiency
Constitution
Capital markets

Cite this

Abeysekera, I. (2005). International harmonisation of accounting imperialism: An Australian perspective. Paper presented at International Critical Management Studies Conference (ICMS), .
Abeysekera, Indra. / International harmonisation of accounting imperialism : An Australian perspective. Paper presented at International Critical Management Studies Conference (ICMS), .
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author = "Indra Abeysekera",
year = "2005",
language = "English",
note = "International Critical Management Studies Conference (ICMS), ICMS ; Conference date: 01-01-2011",

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Abeysekera, I 2005, 'International harmonisation of accounting imperialism: An Australian perspective' Paper presented at International Critical Management Studies Conference (ICMS), 1/01/11, .

International harmonisation of accounting imperialism : An Australian perspective. / Abeysekera, Indra.

2005. Paper presented at International Critical Management Studies Conference (ICMS), .

Research output: Contribution to conferenceConference paper presented at Conference (not in Proceedings)Researchpeer-review

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T2 - An Australian perspective

AU - Abeysekera, Indra

PY - 2005

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N2 - Numerous authors, both practitioners and scholars, have constructed various justifications for the international harmonisation of accounting standards. To understand the motive behind establishing and implementing International Financial Reporting Standards (IFRS), this paper examined two reasons cited in the literature (reduction in cost of financial reporting and improvement in capital market efficiency) which argue for the setting of a global set of standards. This paper examined the constitution of the International Accounting Standards Board (IASB) and the relative positions of power of the member nations such as Australia, the EU and the US. The paper then analyses how IFRS help to expand imperialism. Subsequently, the post World War II imperialism of the US is examined to understand how the US can emerge as the most influential nation in setting globally enforced accounting standards.

AB - Numerous authors, both practitioners and scholars, have constructed various justifications for the international harmonisation of accounting standards. To understand the motive behind establishing and implementing International Financial Reporting Standards (IFRS), this paper examined two reasons cited in the literature (reduction in cost of financial reporting and improvement in capital market efficiency) which argue for the setting of a global set of standards. This paper examined the constitution of the International Accounting Standards Board (IASB) and the relative positions of power of the member nations such as Australia, the EU and the US. The paper then analyses how IFRS help to expand imperialism. Subsequently, the post World War II imperialism of the US is examined to understand how the US can emerge as the most influential nation in setting globally enforced accounting standards.

M3 - Conference paper presented at Conference (not in Proceedings)

ER -

Abeysekera I. International harmonisation of accounting imperialism: An Australian perspective. 2005. Paper presented at International Critical Management Studies Conference (ICMS), .