Download or read book A Philosophical Analysis of the Functions and Operation of Due Process in Accounting Standard Setting in Australia written by Surinder Mehta and published by . This book was released on 2016 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This research presents a two-fold investigation of the due process which is applied when developing accounting standards in Australia. Firstly, this study questions whether such standards provide an adequate avenue for incorporating both appropriate attributes of participation and accountability in line with the historical understanding of due process as developed through common law. Secondly, this study questions whether such standards provide an appropriate vehicle for widening participation by introducing new voices into the Australian accounting standard setting process. On the former question, common law due process resonates within a paradigm that supports fair dealing and equity between individuals with themselves and with government. On the latter question, this research identifies low and declining stakeholder participation within the due process of accounting standard setting. This is accompanied by the declining interest of previous major participants. In examining the longitudinal participation trends of submitters to the accounting standard setting regime, this research contends that the due process finds itself embedded within the confines of a procedural construct to the detriment of accommodating natural justice through a more enlightened substantive approach. As such, when considered in light of its common law roots, it fails both to provide an adequate level of openness along with accommodating only a limited opportunity to participate, specifically when taking into account opinions and interests. The very construct of common law due process rests upon its ability both to subsume participation within the decision-making process, and for that participation to be substantive in the outcome of the process. That is, such participation gives meaning to the outcome. Instead the current due process as applied within the accounting standard setting environment resonates such participation through abolitionist type approaches. Here self-interested parties compete for advantages from property rights and private benefits in line with the more modern interpretation of the public interest. The approach taken in this thesis is to consider the due process from a philosophical perspective by assessing the questions of accountability and participation within the due process in terms of civil society, the public good, economic individualism, libertarianism, liberalism, and agency, rather than to embed the discussion within the expansive existing studies concerning due process in the accounting standard setting process. The conclusion from this perspective is that due process is clearly a process past its due date." -- Abstract.

Download or read book The Development of the Australian Accounting Standards After the End of the G4 1 written by Stefan Greite and published by GRIN Verlag. This book was released on 2007-10 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Accounting and Taxes, grade: 2,0 (B), Helmut Schmidt University - University of the Federal Armed Forces Hamburg (Institute for Corporate Accounting), course: Controlling, 27 entries in the bibliography, language: English, abstract: The topic of the paper is the "The development of the accounting standards of the Australian Accounting Standard Board after the end of the G4+1." I want to summarise the recent standardisation progress both international and in the view of Australia, and have a closer look on the Australian accounting environment. What was the G4+1, and why did it disband? What was the Australian reaction on the End of the G4+1. What will the future of international and Australian accounting look like? I have chosen the topic because I am currently staying at the Australian Defence Force Academy and studying at the University of New South Wales. Australia has been one of the major standard setters in the world and has had a deal of influence on international accounting standards, although it is a relatively small economy in the world. Hardly a day passes without problems of financial reporting appearing in the international press. Recent events like the scandals of Enron, Worldcom, and Xerox show the need for reasonable accounting. International accounting is an actual problem to be solved and a future chance for all kinds of businesses. After the introduction I will first present the accounting environment of Australia and its institutions. Then I will discuss the development of international accounting and the G4+1 group and its dissolution. I will have a look on the "Harmonisation Project" and what happens in Australia after the end of the G4+1. At the end I will illustrate the relation between IAS and AAS, and give a conclusion. For my work I used several recent books on Australian financial accounting that are used by institutions across Australia, various Journals on accounting

Download or read book The Due Process of Accounting Standard Setting in Australia written by Gavin Hurst and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study enquires into the accounting standard system in Australia and questions the appropriateness of its core democratic participatory vehicle, the due process. In doing so it highlights issues associated with self-regulating authorities and their policy making practices. The study is pertinent to the extent it reviews a major paradigm shift within the Australian public sector and more specifically local government financial reporting. Spanning the course of three decades it examines the reasons for such a paradigm shift, the major actors involved, the actual changes made and the effectiveness of those changes.

Download or read book The Australian Accounting Standards Review Board RLE Accounting written by Asheq R. Rahman and published by Routledge. This book was released on 2016-02-28 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a neutral and comprehensive explanation about the activities which precede the formulation of accounting regulatory policies. The knowledge gained from it can be applied to understand the formulation of regulatory policies in other areas and to predict or explain the behaviour of interest groups in the preparation of accounting standards and regulations.

Download or read book The Public Comment Procedures in the Acounting Standard Setting Process written by Robert Gibson and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Australian Accounting Standards written by Ruth Picker and published by Wiley. This book was released on 2006-06-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Australian Accounting Standards is an exciting new textbook that presents a thorough introduction to various Australian equivalents of the International Financial Reporting Standards. With the inception of the IFRS on 1 January 2005, the Australian accounting standards have also experienced extensive change and revision in the quest to align and harmonise with IFRS. The focus of this text is on the interpretation, analysis, illustration and application of the scope and purpose of various Australian accounting standards. Each chapter contains numerous illustrative examples to ensure that the student gains a deep understanding of all the reporting requirements under the respective accounting standard to meet the expectations of the profession. This textbook has been written for intermediate and advance financial reporting courses, at both undergraduate and postgraduate level. The text covers the following Australian accounting standards: Framework AASB 2 Share based payments AASB 3 Business combinations AASB 5 Non-current assets AASB 101 Presentation of financial statements AASB 102 Inventories AASB 107 Cash flow statements AASB 108 Accounting policies AASB 110 Events after balance day AASB 112 Income taxes AASB 114 Segment reporting AASB 116 Property, plant and equipment AASB 117 Leases AASB 121 Changes in foreign exchange rates AASB 127 Consolidated and separate financial statements AASB 128 Investments in associates AASB 131 Interests in joint ventures AASB 132 Financial instruments; disclosure and presentation AASB 136 Impairment of assets AASB 137 Provisions, contingent liabilities and contingent assets AASB 138 Intangible assets AASB 139 Financial instruments; recognition & measurement FEATURES Detailed analysis of AASB standards and the underpinning conceptual framework Step-by-step analysis of selected AASB standards and the relevant scope, objectives and reporting requirements Chapter outlines of the relevant issues and practical workings associated with the selected AASB standards Illustrative examples positioned throughout the chapters, where relevant, to show the new financial reporting procedures and further development conceptual understanding of the new processes. Inclusion of extracts of international companies illustrate how real companies are reporting financial data in accordance with the AASB standards Graded end-of-chapter exercises and problems provide students with numerous opportunities to test their understanding of the financial reporting requirements under the relevant AASB standards. For the lecturer: a comprehensive solutions manual provides guidance on the correct procedures for working through the activities. About the Authors Ruth Picker B.A., F.C.A., FSIA, FCPA, is currently Ernst & Young\'s Professional Practice Director ("PPD") for the Oceania Region. She is a member of Ernst & Young\'s Global PPD group, which sets global accounting and auditing standards and policies. She is also a member of Ernst & Young\'s Global IFRS Policy Committee, which determines Ernst & Young\'s global interpretations of IFRS. She is a frequent speaker and author on accounting and auditing issues. Her written articles have been published in a number of accounting journals. She is a member of the Editorial Board of "The Australian Accounting Review". Ruth was a Member of the Urgent Issues Group (UIG) for 3 years. Subsequent to that, Ruth was appointed to the Australian Accounting Standards Board ("AASB") in April 2000. In 2002 she was elected as Deputy Chairman of the AASB, a position she currently holds. From 8 May 2003 until 15 November 2003 she was appointed Acting Chairman of the AASB. Ken Leo BCom (Hons), MBA (Qld), AAUQ, ACA, FCPA is Professor of Accounting at Curtin University of Technology, Western Australia. During his 30 years as an academic, he has taught company accounting to undergraduate and postgraduate students, been a founding member of the Urgent Issues Group, and involved in writing books and monographs for a variety of organisations including CPA Australia, Group of 100 and the Australian Accounting Research Foundation. He has served on the AASB since 2002. Keith Alfredson BCom (Hons), AAUQ, FAICD, FCA, FCPA, FNIA is a graduate of the University of Queensland. On graduation in 1963 he joined Arthur Andersen, becoming a partner in 1974 and retiring in 1997. He specialised in the audit of large publicly listed and privately owned entities in addition to acting as an expert on technical accounting issues. He was Arthur Andersen\'s representative on the Australian Urgent Issues Group. In 1998 he became a Senior Fellow in the Department of Accounting of The University of Melbourne. In May 2000 he was appointed the first full-time Chairman of the Australian Accounting Standards Board, a position he held until May 2003. During that period he also acted as Chairman of the Urgent Issues Group. Jennie Radford, BCom, DipEd (Melb), MCom (Curtin), ACA, is currently a Lecturer at Curtin University of Technology. She has co-authored two research monographs published by Group of 100 and the ASCPA. She has also contributed to and co-edited a textbook \'Financial Accounting Issues\'. She was for many years employed as an auditor with "Big 5\' chartered accounting firms. Jennie has taught undergraduate and postgraduate courses in her career as an academic. She is a member of the Western Australia Cell of the External Reporting Centre of Excellence (ASCPA). Paul Pacter holds two concurrent positions as the Director of Standards for Small and Medium-Sized Entities (SMEs) at the International Accounting Standards Board in London, and Director in the Global IFRS Office of Deloitte Touche Tohmatsu in Hong Kong. Previously, Paul worked for the U.S. Financial Accounting Standards Board for 16 years, and, for seven years, was Commissioner of Finance of the City of Stamford, Connecticut. He received his Ph.D. from Michigan State University and is a CPA. He has taught in several MBA programmes for working business managers. Victoria Wise BCom., M.Econ., PhD., FCPA., is an Associate Professor in the School of Accounting and Finance at Victoria University, Melbourne. During her twenty years as an academic she has taught financial accounting to undergraduate and postgraduate students. Victoria has over 110 publications including books and book chapters, refereed and professional journal articles and conference proceedings. Her journal articles focus on international financial reporting standards, public sector, consolidated and small business financial reporting. Her current research interests are in business regulation and financial literacy.

Download or read book The Due Process of Australian Accounting Standard Setting written by Mary Therese Robles and published by . This book was released on 1992 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book UNDERSTANDING AUSTRALIAN ACCOUNTING STANDARDS 1E written by Janice Loftus and published by . This book was released on 2012 with total page 1104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Accounting Standards written by and published by . This book was released on 1997 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Preface to International Financial Reporting Standards written by International Accounting Standards Board and published by . This book was released on 2002 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Accounting Standards setting Process in Australia written by Robert J. Coombes and published by . This book was released on 1984 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Local Government Accounting Standard Setting in Australia written by Christine Merle Ryan and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Public Sector Accounting Standards Board (PSASB) has developed accounting standards for the public sector in Australia. A procedural 'due process' has been developed to protect the openness, neutrality and independence of Australian standard-setting both in the private and public sectors. Prior research into constituent participation in the 'due process' for specific cases in the public sector has raised doubts as to whether the 'due process' operated in an open, neutral and independent manner. It has found that account preparers were under-represented in their responses and used less sophisticated lobbying strategies than other respondents. The research also concluded that some constituents had favourable access to the 'due process', and that standard setters did not receive all pertinent information from constituents. This paper examines constituent participation in the 'due process' for the first public sector accounting standard, that for local government (AAS 27). The submissions made on the exposure draft preceding the standard - ED 50 - have been analysed using content analysis. The findings suggest that account preparers were well-represented in their responses and adopted the lobbying strategy of weighting their responses with supporting argument for the most controversial issues. Contrary to prior research, the paper concludes that in the case of ED 50 there is no evidence that the 'due process' failed to operate in an open and neutral manner.

Download or read book Interpretation of Standards written by Australian Accounting Standards Board and published by . This book was released on 2012 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Report on Institutional Arrangements for Accounting Standard Setting in Australia written by C. G. Peirson and published by . This book was released on 1990 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interpretation and Application of Standards written by Australian Accounting Standards Board and published by . This book was released on 2008 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Accounting Standards setting Process in Australia written by Robert J. Coombes and published by . This book was released on 1983 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A True and Fair View and the Reporting Obligations of Directors and Auditors written by Robert Graham Walker and published by . This book was released on 1984 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A consultative document with proposals for reform of provisions of the Companies act and codes' - Cover.