The politics of standard setting makes accounting concepts less important than the needs of powerful lobbyists. Discuss

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The politics of standard setting makes accounting concepts less important than the needs of powerful lobbyists. Discuss with reference to the unique approach for asset recognition in AASB 6/IFRS 6.

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Financial Reporting

ISBN: 9780730396413

4th Edition

Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes

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Question Posted: Apr 16, 2024 01:00 AM

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The politics of standard setting makes accounting concepts less important than the needs of powerful lobbyists. Discuss

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The premise of this question is that politics and soft power play a key role in accounting standard setting Soft power as opposed to hard power is exe...View the full answer

Financial Reporting

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