Warren, Rebecca and Carter, David and Napier, Christopher (2019) Opening up the politics of standard setting through Discourse Theory: The case of IFRS for SMEs. Accounting, Auditing and Accountability Journal, 33 (1). pp. 124-151. DOI https://doi.org/10.1108/AAAJ-04-2018-3464
Warren, Rebecca and Carter, David and Napier, Christopher (2019) Opening up the politics of standard setting through Discourse Theory: The case of IFRS for SMEs. Accounting, Auditing and Accountability Journal, 33 (1). pp. 124-151. DOI https://doi.org/10.1108/AAAJ-04-2018-3464
Warren, Rebecca and Carter, David and Napier, Christopher (2019) Opening up the politics of standard setting through Discourse Theory: The case of IFRS for SMEs. Accounting, Auditing and Accountability Journal, 33 (1). pp. 124-151. DOI https://doi.org/10.1108/AAAJ-04-2018-3464
Abstract
Purpose: This paper investigates an element of the internal politics of standard setting by reference to the International Accounting Standards Board’s [IASB] movement to the International Financial Reporting Standard for Small and Medium-Sized Entities [IFRS for SMEs]. We examine the politics of the IASB’s expertise in technocratic governance by focusing on how the IASB defined SMEs, gave the standard a title and issued a guide for micro-entities. Methodology: Our narrative case study focuses on central ‘moments’ in the development of IFRS for SMEs. We employ Laclau and Mouffe’s condensation, displacement and overdetermination to illustrate embedded politics in articulating IFRS for SMEs. Findings: We extend literature on the internal politics of standard setting, such as agenda setting, by examining the condensing of disagreements between experts and political pressures and processes into central decision moments in IFRS for SMEs. We illustrate these moments as overdetermined, manifesting in an act of displacement through the production of a micro-entity guide. This form of politics is hidden due to the IASB’s attempt to protect their technocratic neutrality through fixing meaning. Originality/value: We make three contributions. First, overdetermination through condensation and displacement illustrates the embedded nature of politics in regulatory settings, such as the IASB. Second, we provide a theoretical explanation of the IASB’s movement from listed entities to IFRS for SMEs, drawing on Laclau and Mouffe. Third, we reinforce the necessity of interrogating the internal politics of standard setting to challenge claims of technocracy.
Item Type: | Article |
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Uncontrolled Keywords: | Politics; IASB; Displacement; IFRS for SMEs; Condensation; Overdetermination |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 02 Oct 2019 09:52 |
Last Modified: | 16 May 2024 19:58 |
URI: | http://repository.essex.ac.uk/id/eprint/25467 |
Available files
Filename: AAAJ revision - Accepted revision edits 6 August.pdf