Agenda setting at the FASB
Subtitle: evidence from the role of the FASAC
By: Abigail Allen
Contributors: Harvard Business School
Series: Working paper / Harvard Business School -- 15-042; Working paper (Harvard Business School) -- 15-042
Publisher: Harvard Business School
Published: 2014
Place of publication: Boston]
Language: eng
Number of pages: 51
Description: I examine the extent to which the FASB's agenda determination is a function of the contemporaneous preferences of its primary constituents: auditors, preparers, and financial statement users. Using the FASB's consultation with the FASAC as a lens through which to view constituent preferences, I find evidence that from 1982 to 2001 influence on FASB agenda decisions is concentrated among "Big N" audit firms, whereas from 2002 to 2006 the preferences of financial constituents appear most significant. Across both periods, I find no evidence of significant preparer influence in agenda formation, which is in contrast to their documented role in later stages of standard setting. Collectively, the results contribute to our understanding of the influence of constituents in standard setting and highlight a shift in that influence over time.
Notes: "December 2014" -- Publisher's website.

Includes bibliographical references (pages 35-38).