The Politics of Accounting Regulation
Subtitle: Organizing Transnational Standard Setting in Financial Reporting
By: Sebastian Botzem, Social Science Research Center Berlin, Germany
Publisher: Edward Elgar
Published: 2012
Place of publication: Cheltenham, UK
Language: eng
Number of pages: 223
ISBN-13: 9781849801775
Subjects: Accounting; Standards; Law and legislation; Financial statements
Description: The global financial crisis underlines the relevance of accounting standards as much more than instrumental rules for corporate reporting. This important book details the accounting standards that embody societal and professional values and contribute to the distribution of financial benefits that put international harmonization of standards into the limelight. Sebastian Botzem reveals that international standards have emerged after decades of contest and political bargaining, which resulted in closely aligned standards, voluntary consultation procedures and a network structure comprising actors mainly stemming from global auditing firms, regulators and international organizations.
Notes: Includes bibliographical references (pages 196-214) and index.