International Accounting Harmonization Analyzed in Terms of a Political Process: The Specific Case of Oil Resources
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2010
- ISIDORE Id: 10670/1.8cbd35...
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accounting standard-setting process ruling ethics legitimacy politics minerals exploration costsSujets proches
Commerce--Accounting Finance--Accounting Commercial accounting Business enterprises--Accounting Financial accounting AccountancyCiter ce document
Véronique Blum et al., « International Accounting Harmonization Analyzed in Terms of a Political Process: The Specific Case of Oil Resources », Accounting Auditing Control, ID : 10670/1.8cbd35...
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Some of the choices made through the ongoing international accounting harmonization process show that the IASB has adopted standards for controlling (images) rather than for regulation. Controlling supposes that economic and social agents become official stakeholders in the negotiation. A focus on accounting standards applied to mineral exploration costs suggests that accounting regulation can sometimes be governed by political concerns. This paper addresses the legitimacy and effective targets of international accounting harmonization with the example of the notable exception allowed by IFRS 6, by which oil companies can circumvent paragraphs 11-12 of IAS 8. It also raises the question of the ethical status of the board.
