Evolution Of U S Regulation And The Standard Setting Process For Financial Reporting

Author : Stephen A. Zeff
Publisher : Unknown
Page : 126 pages
File Size : 40,6 Mb
Release : 2021-09-13
Category : Electronic
ISBN : 1680838644

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Evolution of U.S. Regulation and the Standard-Setting Process for Financial Reporting by Stephen A. Zeff Pdf

Evolution of U.S. Regulation and the Standard-Setting Process for Financial Reporting: 1930s to the Present surveys and explains the evolution of the stream of events and developments in the regulation and standard setting that have set the requirements for companies' financial reporting in the U.S. capital market. Particular attention is given to instances in which the SEC, as regulator, has either been in disagreement with the private-sector accounting standard setter, or where they both have partnered in a solution. Attention is also given to some of the more celebrated attempts by self-interested parties, particularly the company sector, to interpose themselves forcefully into the standard-setting process. The interventions from members of Congress on behalf of the company sector are also the object of study. In this rendering of the evolution, the author has endeavored to provide extensive references to the published literature to enable readers to study the events and developments in greater depth.

Author : A. Bowdoin Van Riper
Publisher : Bloomsbury Publishing USA
Page : 214 pages
File Size : 40,7 Mb
Release : 1994-07-21
Category : Business & Economics
ISBN : 9780313008573

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Setting Standards for Financial Reporting by A. Bowdoin Van Riper Pdf

The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.

Author : Sebastian Botzem
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 49,7 Mb
Release : 2012-01-01
Category : Law
ISBN : 9781781001066

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The Politics of Accounting Regulation by Sebastian Botzem Pdf

'How and why do transnational regulatory bodies emerge? How do they acquire the authority and confidence to be actors in their own right? These questions preoccupy scholars in many disciplines and Sebastian Botzem's The Politics of Accounting Regulation makes an important contribution to the debates. Focusing on the case of the International Accounting Standards Board over a critical period of its development including the financial crisis Botzem addresses its evolution as an organization which produces accounting standards and whose efforts to be outside politics are inevitably and irredeemably political in nature. This book is essential reading for sociologists, political scientists, accountants and anyone else interested in the organization of global governance.' Michael Power, London School of Economics, UK The financial crisis underlines the relevance of accounting standards as much more than instrumental rules for corporate reporting. This important book outlines 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.

Author : Gary J. Previts,Peter Walton,Peter Wolnizer
Publisher : Emerald Group Publishing
Page : 173 pages
File Size : 53,9 Mb
Release : 2011-07-12
Category : Business & Economics
ISBN : 9780857248114

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Global History of Accounting, Financial Reporting and Public Policy by Gary J. Previts,Peter Walton,Peter Wolnizer Pdf

Addresses Global Accounting History developments, focusing upon financial reporting, and related institutional aspects of disclosures for accountability and decision making purposes. This title also addresses five countries of the Americas, Argentina, Brazil, Canada, Mexico and the United States of America.

Author : Robert Van Riper
Publisher : Praeger
Page : 0 pages
File Size : 46,7 Mb
Release : 1994-07-21
Category : Business & Economics
ISBN : 9780899309071

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Setting Standards for Financial Reporting by Robert Van Riper Pdf

The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.

Author : United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management
Publisher : Unknown
Page : 2204 pages
File Size : 46,9 Mb
Release : 1977
Category : Corporations
ISBN : STANFORD:36105045363608

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Accounting and Auditing Practices and Procedures by United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management Pdf

Author : James L. Kroeker
Publisher : DIANE Publishing
Page : 44 pages
File Size : 40,7 Mb
Release : 2011-10-29
Category : Business & Economics
ISBN : 9781437942262

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Consideration of Incorporating International Financial Reporting Standards (IFRS) Into the Financial Reporting System for U. S. I by James L. Kroeker Pdf

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets and Government Sponsored Enterprises
Publisher : Unknown
Page : 356 pages
File Size : 42,8 Mb
Release : 2013
Category : Accounting
ISBN : MINN:31951D03678330U

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Accounting and Auditing Oversight by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets and Government Sponsored Enterprises Pdf

Author : Gary John Previts
Publisher : Unknown
Page : 96 pages
File Size : 49,9 Mb
Release : 1991
Category : Accounting
ISBN : NWU:35556021607783

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Financial Reporting and Standard Setting by Gary John Previts Pdf

Author : Gary Giroux
Publisher : Business Expert Press
Page : 208 pages
File Size : 52,6 Mb
Release : 2017-04-28
Category : Business & Economics
ISBN : 9781631577949

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Accounting History and the Rise of Civilization by Gary Giroux Pdf

Accounting history continues in Volume 2 with six chapters, four supplements, plus conclusions. Chapters 1 to 3 of the second volume cover specialty topics, specifically auditing, taxes, and government accounting. Chapters 4 to 6 march along from the New Deal to beyond the mortgage meltdown and Great Recession. Supplements include audit opinions (the audit reports written for the annual financial audits), the scandals and corruption associated with accounting fraud, the formal standard setting process creating generally accepted accounting principles (GAAP), and finally computer technology, a key component of the accounting profession—and civilization. The concept of accounting as a profession developed by the 19th century, as accounting-related services (bankruptcy, taxes, and auditing) became important enough to hire experts and separate businesses to support these functions. Soon, licensing was required. Auditing and tax proved to be major money-makers for accountants. Accounting firms became mammoth and global (especially the Big 4) providing audit, tax and consulting services to giant multinational corporations as well as smaller business, governments, nonprofits organizations, and individuals. The rest of the book covers accounting since the early 20th century, when accounting became increasingly sophisticated and important to the commercial and political worlds. The 1920 reverted to “free markets,” financial market manipulation and speculation, fueled by abundant credit precipitating a boom; then the Great Depression, followed by FDR’s New Deal. Chapter 5 covers most of the post-World War II period. Chapter 6 covers the bubbles and busts of the late-20th century and beyond, with particular attention to Enron. Conclusions summarize the last 10,000 years of accounting, its overall impact on civilization, and predictions for the future.

Author : Jayne Maree Godfrey,Keryn Chalmers
Publisher : Edward Elgar Publishing
Page : 336 pages
File Size : 48,5 Mb
Release : 2007
Category : Accounting
ISBN : UCSD:31822034527549

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Globalisation of Accounting Standards by Jayne Maree Godfrey,Keryn Chalmers Pdf

1. Globalisation of accounting standards : an introduction / Jayne M. Godfrey and Keryn Chalmers -- 2. Institutional investors and the language of finance : the global metrics of market performance / Gordon L. Clark, Tessa Hebb and Dariusz Wójcik -- 3. The IASB : some personal reflections / Kevin M. Stevenson -- 4. Globalisation of accounting standards : a UK perspective / David Alexander -- 5. The US role in the globalisation of accounting standards / Donna L. Street -- 6. The place of Canada in global accounting standard setting : principles versus rules approaches / James C. Gaa -- 7. Too special to go global? Too small to be special? : an insight into Australia's decision to adopt IFRS and the consequences for its own standard setting and application / Ruth Picker -- 8. The role of national standard setters in the standards development process : the Italian experience / Angelo Provasoli, Pietro Mazzola and Lorenzo Pozza -- 9. French accounting revolution : implementing IFRS in French companies / Serge Evraert and Jean-François des Robert -- 10. Accounting regimes and their effects on the German stock market / Hans Peter Möller -- 11. Globalisation of accounting : implications for Australian public sector entities / Keryn Chalmers ... [et al.] -- 12. Convergence of Chinese accounting standards with international standards : the Japanese case / Chitoshi Koga and Gunnar Rimmel -- 13. The impact of globalisation of accounting standards on India / R. Narayanaswamy -- 15. Globalisation of financial reporting : an Islamic focus / Norita Mohd Nasir and Anita Zainol -- 16. Globalisation and accounting reforms in an emerging market economy : a case study of South Africa / Iain Edwards ... [et al.].

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 228 pages
File Size : 40,9 Mb
Release : 2006
Category : Business & Economics
ISBN : PSU:000058936351

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Fostering Accuracy and Transparency in Financial Reporting by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
Publisher : Unknown
Page : 168 pages
File Size : 55,5 Mb
Release : 2010
Category : Accounting
ISBN : UOM:39015090376529

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International Accounting Standards by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment Pdf

Author : Ian Dennis
Publisher : Routledge
Page : 230 pages
File Size : 46,9 Mb
Release : 2013-10-15
Category : Business & Economics
ISBN : 9781134451524

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The Nature of Accounting Regulation by Ian Dennis Pdf

Accounting standards are an essential element in the regulation of current financial reporting. Standard setters promulgate such standards, and companies and professional accountants follow them in preparing financial reports. Although much has been written about the history of standard setting, the conceptual underpinnings of accounting standards, the process of setting them, and whether such standards should be ‘rules-based’ or ‘principles-based,’ there has been little written about the kind of thing they are. This book examines the nature of accounting standards and the very idea of a rule, of implementation guidance, and of the objectives that are included in them. It enables the reader to grasp the reasons for promulgating standards, the role of the conceptual framework in setting standards in an institutional context, and the kind of rules that are useful in regulating financial reporting. The insights provided by this examination are used to throw light on the distinction between ‘principles-based’ and ‘rules-based’ standards and on the nature of ‘good’ accounting standards.'

Author : D A V I D ALEXANDER
Publisher : Springer
Page : 474 pages
File Size : 40,6 Mb
Release : 2013-12-01
Category : Business & Economics
ISBN : 9781489971180

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Financial Reporting by D A V I D ALEXANDER Pdf