IFRS monopoly: The Pied Piper of financial reporting

Accounting and Business Research

Volumn 41, Issue 3, 2011, Pages 291-306

  Sunder, Shyam ^a  

^a YALE SCHOOL OF MANAGEMENT   (United States)

Author keywords

Accounting; IFRS; International Financial Reporting Standards; Monopoly; Risks

Indexed keywords

EID: 80054819860     PISSN: 00014788     EISSN: 21594260     Source Type: Journal    
DOI: 10.1080/00014788.2011.569055     Document Type: Conference Paper

References (42)

1. Ball, R., 1995. Making accounting more international: why, how, and how far will it go? Journal of applied corporatefinance, 8, 19-29.
2. Ball, R., 2006. International Financial Reporting Standards (IFRS): pros and cons for investors. International Accounting Policy Forum. Accounting and business research, 36, 5-27.
3. Baxter, W.T., 1953. Recommendations on accounting theory, The accountant.
4. Reprinted in W.T. Baxter and S. Davidson, eds., 1962. Studies in accounting theory. London: Sweet & Maxwell and Homewood, IL: Irwin, 414-427.
5. Beaver, W.H. and Demski, J.S., 1974. The nature of financial accounting objectives: a summary and synthesis. Journal of accounting research, 12 (Suppl), 170-182.
6. Dye, R., 1985. Strategic accounting choice and the effects of alternative financial reporting requirements. Journal of accounting research, 23, 544-574.
7. Dye, R. and Sunder, S., 2001. Why not allow FASB and IASB standards to compete in the U.S.? Accounting horizons, 15 (3), 257-271.
8. E&Y (Ernst & Young), 2007a. IFRS: observations on the implementation of IFRS. New York: EYGM Limited.
9. E&Y 2007b. Is your company ready for IFRS? EY.com, 15 September.
10. Fearnley, S. and Sunder, S., 2005. The headlong rush to global standards. The Financial Times, 27 October, p. 9.
11. Fearnley, S. and Sunder, S., 2006. Global reporting standards: the Esperanto of accounting. Accountancy, (May), p. 26.
12. Fearnley, S. and Sunder, S., 2007a. Competition required to reduce standards complexities. The Financial Times, 17 May, p. 27.
13. Fearnley, S. and Sunder, S., 2007b. Pursuit of convergence is coming at too high a cost. The Financial Times, 23 August.
14. Harris, R., 2008. Big four make big plans for IFRS. CFO magazine, Website: CFO.com, 22 May.
15. Hayek, F.A., 1988. Thefatal conceit. Chicago: University of Chicago Press.
16. Jamal, K., Maier, M., and Sunder, S., 2003. Privacy in e-commerce: development of reporting standards, disclosure and assurance services in an unregulated market. Journal of accounting research, 41, 285-309. (Pubitemid 36571268)
17. Jamal, K., Maier, M., and Sunder, S., 2005. Enforced standards versus evolution by general acceptance: a comparative study of e-commerce privacy disclosure and practice in the U.S. and the U.K. Journal of accounting research, 43, 73-96. (Pubitemid 40344779)
18. Jamal, K. and Sunder, S., 2007a. Monopoly or competition: standard setting the private and public sector, Working Paper, Yale School of Management.
19. Jamal, K. and Sunder, S., 2007b. Regulation, competition and independence in a certification society: certi- fication of financial reports vs. baseball cards, Working Paper, University of Alberta and Yale University.
20. Kitchen, J., 1954. Costing terminology. Accounting research, February.
21. Reprinted in W.T. Baxter and S. Davidson, eds., 1962. Studies in accounting theory. London: Sweet & Maxwell.
22. KPMG, 2006. The application of IFRS: choices inpractice, KPMG/IFRG Limited.
23. KPMG, 2007. On the threshold of IFRS: analyst research survey, Available from: kpmg.ifrg.com.
24. Lang, M., Raedy, J.S., and Wilson, W., 2006. Earnings management and cross listing: are reconciled earnings comparable to U.S. earnings? Journal of accounting & economics, 42, 255-283. (Pubitemid 44184756)
25. Leuz, C., 2006. Cross listing, bonding and firms reporting incentives: a discussion of Lang, Raedy, and Wilson. Journal of accounting & economics, 42, 285-299. (Pubitemid 44184759)
26. Levine, C., 1996. Conservatism, contracts, andinformation revelation, Dissertation(Ph D). Carnegie Mellon University.
27. Mandelbrot, B.B., 1977. Fractals:form, chance, and dimension, San Francisco, CA: W.H. Freeman.
28. Ná?m, M., 2000. Washington consensus or Washington confusion? Foreignpolicy, 118 (Spring), 86-103.
29. Rezaee, Z., Smith, L.M., and Szendi, J.Z., 2010. Convergence in accounting standards: insights from academicians and practitioners. Advances in accounting, 26 (1), 142-154.
30. Smith, M., 2008. Are International Financial Reporting Standards (IFRS) anunstopp ablejuggernaut for US and global financial reporting? The business review, Cambridge, 10 (1), 25-31.
31. Stigler, G., 1971. The theory of economic regulation. Bell journal of economics and management science, 2, 3-21.
32. Sunder, S., 1981. Why is the FASB making too many accounting rules? The Wall Street Journal, 17 April.
33. Sunder, S., 1984. Limits to information.
34. K. Bindon, ed. 1983 accounting research convocation. Proceedings, School of Accountancy, University of Alabama, 101-110.
35. Sunder, S., 1988. Political economy of accounting standards. Journal of accounting literature, 7, 31-41.
36. Sunder, S., 1997. Theory of accountingand control. Cincinnati, OH: Southwest.
37. Sunder, S., 2002. Regulatory competition among accounting standards within and across international boundaries. Journal of accounting and public policy, 21 (3), 219-234.
38. Sunder, S., 2005a. Minding our manners: accounting as social norms. The British accounting review, 37, 367-387. (Pubitemid 41748395)
39. Sunder, S., 2005b. Social norms versus standards of accounting.
40. M. Dobija and S. Martin, eds. General accounting theory: towards balanced development. Cracow, Poland: Cracow University of Economics, 157-177.
41. Sunder, S., 2009. IFRS and the accounting consensus. Accounting horizons, 23(1), 101-111.
42. Sunder, S., 2010. Adverse effects of accounting uniformity on practice, education, and research. Journal of accounting and public policy, 29 (2), 99-114.