A conceptual enquiry into the concept of a 'principles-based' accounting standard

British Accounting Review

Volumn 40, Issue 3, 2008, Pages 260-271

  Dennis, Ian ^a  

^a OXFORD BROOKES UNIVERSITY   (United Kingdom)

Author keywords

'Principles based'; Accounting standards; Concepts; Conceptual enquiries; Rules based; Wittgenstein's philosophy of language

Indexed keywords

EID: 51649122657     PISSN: 08908389     EISSN: 10958347     Source Type: Journal    
DOI: 10.1016/j.bar.2008.05.005     Document Type: Article

References (21)

1. AAA. Evaluating concepts-based vs. rules-based approaches to standard setting. Accounting Horizons 17 1 (2003) 73-89
2. Alexander D., and Jermakowicz E. A true and fair view of the principles/rules debate. Abacus 422 (2006) 132-164
3. Baker G., and Hacker P. Wittgenstein Meaning and Understanding (1980), Blackwell, Oxford
4. Bennett B., Bradbury M., and Prangnell H. Rules, principles and judgments in accounting standards. Abacus 422 (2006) 189-204
5. Benston G.J., Bromwich M., and Wagenhofer A. Principles- versus rules-based accounting standards: the FASBs Standard Setting Strategy. Abacus 422 (2006) 165-188
6. In: Craig E. (Ed). The Shorter Routledge Encyclopedia of Philosophy (2005), Routledge, London
7. FASB. Proposal Principles-Based Approach to U.S. Standard Setting (2002), FASB, Connecticut
8. FASB. FASB Response to SEC Study on the Adoption of a Principles-Based Accounting System. Connecticut (2004), FASB
9. FASB/IASB. Revisiting the Concepts: A New Conceptual Framework Project (2005), FASB, Connecticut
10. FASB/IASB, 2006. Preliminary Views Conceptual Framework for Financial Reporting: Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information. FASB, Connecticut.
11. FSA. Principles-Based Regulation Focusing on the Outcomes that Matter (2007), Financial Services Authority
12. IASB. Framework for the Preparation and Presentation of Financial Statements (1989), IASB, London
13. ICAS. Principles Not Rules. A Question of Judgment (2006), ICAS, Edinburgh
14. Lyas C. Accounting and language. In: Mumford M., and Peasnell K. (Eds). Philosophical Perspectives on Accounting (1993), Routledge, London 156-176
15. Nobes C.W. Rules-based standards and the lack of principles in accounting. Accounting Horizons 19 1 (2005) 25-34
16. Power M. On the idea of a conceptual framework for financial reporting. In: Mumford M., and Peasnell K. (Eds). Philosophical Perspectives on Accounting (1993), Routledge, London 44-61
17. Schipper K. Principles-based accounting standards. Accounting Horizons 17 1 (2003) 61-72
18. SEC, 2003. Study Report Pursuant to Section 108(d) of the Sarbanes-Oxley Act of 2002. SEC.
19. Ward G. A matter of principle. Internal Auditor. October (2005) 62-66
20. Wittgenstein L. Philosophical Investigations. second ed. (1953), Basil Blackwell, London
21. Wittgenstein L. Tractatus Logico-Philosophicus (1961), Routledge & Kegan Paul, London