著者

森 洵太

出版者

大阪市立大学経営学会

雑誌

経営研究 = The business review (ISSN:04515986)

巻号頁・発行日

vol.70, no.1, pp.57-70, 2019-05

---

Several changes in the International Accounting Standards Board(IASB) are evident since the 2008 financial crisis. For example, on the organizational front,the IASB built a mechanism with the involvement of numerous stakeholders(groups), while on the procedural front, its stance emphasizes due process. On the other hand, its retreat from insistence on the application of fair value accounting is evident. This study takes two legitimacies employed in previous EU-related research as its analytical perspective. Since the financial crisis, the IASB retreated from its original claims and is moving its central focus of standards development to coordination with various countries and groups. As the number of concerned groups expands, the IASB encountered prolonged standards development, with a resulting risk of reduced output in terms of its legitimacy. That is to say, the IASB may potentially fall into the same dilemma as the EU.