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| Author: | Brown, L. D. Feroz, E. H. |
| Title: | Does the FASB listen to corporations? |
| Journal: | Journal of Business Finance and Accounting
1992 : SEP, VOL. 19:5, p. 715-731 |
| Index terms: | ACCOUNTING STANDARDS COMPANIES DECISION MAKING |
| Language: | eng |
| Abstract: | The Financial Accounting Standards Board (FASB) follows an elaborate dueprocess procedure when it sets accounting standards. Little is known regarding what role submissions before the FASB play in the FASB's decision making process. This study examines one set of FASB decisions, changes between its 1974 and 1978 Exposure Drafts on price-level accounting, and relates it to firm-specific characteristics suggested by economic theory. The results suggest that corporations do influence FASB decision making, and large corporations with many lines of business are more successful in influencing the FASB. |
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