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This document discusses theories of economic regulation and their application to accounting regulation. It covers several key theories and perspectives on why regulation occurs, including public interest theory, capture theory, and economic theories of regulation. It also discusses factors that influence standard setting bodies and the political aspects of the accounting standard setting process.
This document discusses theories of economic regulation and their application to accounting regulation. It covers several key theories and perspectives on why regulation occurs, including public interest theory, capture theory, and economic theories of regulation. It also discusses factors that influence standard setting bodies and the political aspects of the accounting standard setting process.
This document discusses theories of economic regulation and their application to accounting regulation. It covers several key theories and perspectives on why regulation occurs, including public interest theory, capture theory, and economic theories of regulation. It also discusses factors that influence standard setting bodies and the political aspects of the accounting standard setting process.
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New York Stock Exchange; National Association of Securities Dealers Automated Quotations; American Stock Exchange. 74. IASB 'About us', www.iasb.org/about/ indexasp. 75. Brown and Tarca 2005, op. cit. 76. Financial Accounting Standards Board &I International Accounting Standards Board 2002, Memorandum of understanding: The Norwalk Agreement, Norwalk, Connecticut. - 77. See chapter 4. 78. For an overview of the arguments, see RA Dye and S Sunder, 'Why not allow FASB and IASB standards to compete in the US?', Accounting Horizons, vol. 15, no. 3,2001, pp. 43-54. 79. Securities and Exchange Commission 2000, 'The concept release on international accounting standards', www.sec.gov. 80. Zeff 2008, op. cit. 8 1. DL Street, 'The impact in the United States of the global adoption of IFRS', Australian Accounting Review, September 2008, pp. 199-208. 82. 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