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Local Government Accounting Standard-Setting in Australia: Did Constituents Participate?

Ryan, Christine M., Dunstan, Keitha L., & Stanley, Trevor A. (2000) Local Government Accounting Standard-Setting in Australia: Did Constituents Participate? Financial Accountability and Management, 16(4), pp. 373-396.

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Abstract

The Public Sector Accounting Standards Board (PSASB) has developed accounting standards for the public sector in Australia. A procedural 'due process' has been developed to protect the openness, neutrality and independence of Australian accounting standard-setting both in the private and public sectors. Prior research into constituent participation in the 'due process' for specific cases in the public sector has raised doubts as to whether the 'due process' operated in an open, neutral and independent manner. It has found that account preparers were under-represented in their responses and used less sophisticated lobbying strategies than other respondents. The research also concluded that some constituents had favourable access to the 'due process', and that standard setters did not receive all pertinent information from constituents. This paper examines constituent participation in the 'due process' for the first public sector accounting standard, that for local government (AAS 27). The submissions made on the exposure draft preceding the standard - ED 50 - have been analysed using content analysis. The findings suggest that account preparers were well-represented in their responses and adopted the lobbying strategy of weighting their responses with supporting argument for the most controversial issues. Contrary to prior research, the paper concludes that in the case of ED 50 there is no evidence that the 'due process' failed to operate in an open and neutral manner.

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ID Code: 2264
Item Type: Journal Article
Keywords: Public Sector Accounting Standards Board, Due process, Local Governments, AAS 27, Australia
DOI: 10.1111/1468-0408.00113
ISSN: 1468-0408
Subjects: Australian and New Zealand Standard Research Classification > STUDIES IN HUMAN SOCIETY (160000) > POLICY AND ADMINISTRATION (160500) > Public Policy (160510)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Accounting Auditing and Accountability not elsewhere classified (150199)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2000 Blackwell Publishing
Copyright Statement: The definitive version is available at www.blackwell-synergy.com
Deposited On: 25 Nov 2005
Last Modified: 10 Aug 2011 23:56

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