Description
The development of the current International Accounting Standards Board (IASB) from the
earlier International Accounting Standards Committee (IASC) provides insight into many
issues of international financial reporting, among them the characteristics of international
accounting standards themselves. This article reviews Camfferman and Zeff’s
[Camfferman, K., & Zeff, S. A. (2007). Financial reporting and global capital markets. A
history of the international accounting standards committee 1973–2000. Oxford: Oxford
University Press] volume on the organizational development of the IASC and contextualizes
it in the broader literature of cross-border standardization in accounting. While having
produced a seminal piece, the authors take a clear Anglo-American perspective. The downsides
are insufficiencies regarding a simplistic understanding of experts and expertise, a
neglect of the role of auditing firms, and only an imbalanced integration of different
stakeholders.
doc_859136606.pdf
The development of the current International Accounting Standards Board (IASB) from the
earlier International Accounting Standards Committee (IASC) provides insight into many
issues of international financial reporting, among them the characteristics of international
accounting standards themselves. This article reviews Camfferman and Zeff’s
[Camfferman, K., & Zeff, S. A. (2007). Financial reporting and global capital markets. A
history of the international accounting standards committee 1973–2000. Oxford: Oxford
University Press] volume on the organizational development of the IASC and contextualizes
it in the broader literature of cross-border standardization in accounting. While having
produced a seminal piece, the authors take a clear Anglo-American perspective. The downsides
are insufficiencies regarding a simplistic understanding of experts and expertise, a
neglect of the role of auditing firms, and only an imbalanced integration of different
stakeholders.
doc_859136606.pdf