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1000 words essay, Topic: The political nature of setting accounting standards After the global financial crisis, the European Union (EU) and the Financial Accounting Standards Board (FASB) have increased their influence on International Financial Reporting Standards (IFRS) [Bengtsson, 2011; Crump, 2014] Required: Discuss whether you agree with the above statement by referring to both authors [see Key References in subject outline]. You must provide an informed (ie, researched) opinion by reading and incorporating both authors above and others (see other requirements below).Repoliticalization of accounting standard setting—The IASB, the EU and

the global financial crisisSince its inception, the IASB has been able to set standards with relatively little political

influence in its governance or standard setting process. But this changed with the outbreak

of the global financial crisis. Political bodies began to view accounting standards as a contributing

factor that amplified the consequences of the crisis on banks, financial markets

and the overall economy. Regaining control over accounting standard setting was seen as

imperative. In this article, we investigate how the EU sought to gain control over the IASB

and how the global standard setter responded to limit political influence. Our findings show

that a re-balancing of power in favor of political interests has occurred between the stakeholders

of international accounting standard setting. Further research in this area looks

promising. We suspect that the heightened influence of political actors may lead to further

power struggles and efforts to cope with on-going changes in the institutional environment.

Accounting Standard Codifications

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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As individuals, students are required to select an Australian company as the basis of a case study. Once the company has been approved by your lecturer you will be required to prepare a detailed strategic report to management that analyses the macro-environmental, geopolitical risks and opportunitie ...

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Outline  the factors  that must be  considered  in establishing  a complete and accurate budget.Discuss the importance  and impact of message  content  advertising  expenditure and consumer behavior ...

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You are required to write a reflective essay. Citations will not be necessary. The objective of this reflective essay is to summarise what you learned from the course, what you learned from keeping a video diary each week, and how you believe your learnings could be applied by you in your future ca ...

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Question 1. What are the critical challenges associated with valuing a firm withsignificant intangible assets? Should valuation approaches be adjusted to accommodatethe differences? If so what differential approaches should be taken?Question 1 Explanatory note – Clearly a number of issues abou ...

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