Accounting standards during the global financial crisis of 2008-9 : the political dimension | Macquarie University ResearchOnline

Home

List Of Titles

Accounting standards during the global financial crisis of 2008-9 : the political dimension

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/193694

6 Visitors

8 Hits

0 Downloads

Title: Accounting standards during the global financial crisis of 2008-9 : the political dimension
Related: Higher Degree Research Expo (7th : 2011) (10 - 11 October 2011 : Sydney)
Related: Expo 2011 Higher Degree Research : book of abstracts, p.41
Related: http://www.businessandeconomics.mq.edu.au/research_expo/2011
Publisher: North Ryde, N.S.W : Faculty of Business and Economics, Macquarie University
Date: 2011
Author/Creator: Haswell, Stephen
Description: Purpose: To study political aspects of accounting standard setting. Originality: This aspect of the global financial crisis has not been addressed by the literature before. Key literature/theoretical perspective: Critical perspectives on accounting. Design/methodology/approach: Historical narrative. Findings: The thesis papers focus on the history of mark-to-market accounting during the global financial crisis from 2008 to 2010. Banks claimed that mark-to-market had caused or exacerbated the crisis. Those opposed to the banks (accounting professionals, standard setters, advocacy groups) claimed that mark-to-market gave appropriate valuations of financial businesses that had mismanaged their own investment risks. Despite these defenses, in October 2008 and April 2009 mark-to-market was severely downgraded by standard setters in the US and the International Accounting Standards Board. This expo presentation focuses on a content analysis of comment letters concerning mark-to-market that were sent to the US Securities and Exchange Commission during the crisis. Research limitations/implications: Implications for accounting standard policy. Practical and social implications: Understanding of political activity.
Description: 1 page(s)
Subject Keyword: Standards
Subject Keyword: Accounting
Subject Keyword: Politics
Subject Keyword: Global
Subject Keyword: Crisis
Resource Type: conference paper abstract
Organisation: Macquarie University. Dept. of Accounting and Corporate Governance

Identifier: http://hdl.handle.net/1959.14/193694
Identifier: ISSN:1837-9214
Identifier: mq_res-ext-201210311327-2
Language: eng

Macquarie University ResearchOnline

Search

Browse

Highlights

Resources