Abstract
Este trabalho tem como objetivo identificar os fatores determinantes à submissão de cartas comentários, como estratégia de lobbying no contexto da regulação contábil, à audiência pública do Discussion Paper Extractive Activities do International Accounting Standards Board IASB).Os resultados mostram o tamanho como fator determinante, em todas as modelagens utilizadas, indicando que grandes empresas petrolíferas possuem maior probabilidade para realizar lobbying. Essa propensão é verificada para posicionamentos essencialmente desfavoráveis às propostas apresentadas pelo IASB, o que implica em considerar que a revisão/substituição do International Financial Reporting Standard -IFRS6 será um processo complexo e sujeito a pressões por parte das empresas petrolíferas para manter o status quo.
Highlights
In the field of accounting regulation of oil exploration and production activities, the debate over which accounting model best captures economic transactions in the oil industry dates back to the 1960s and 1970s
Even in the U.S, which has been a pioneer in the development of the theoretical and normative frameworks of accounting in the oil industry, both the Securities and Exchange Commission (SEC) and Financial Accounting Standards Board (FASB) have disagreed with each other about the appropriate standards for the oil industry; as a result, two conflicting accounting methods have been allowed to coexist in the U.S.: the "successful efforts" method and the "full cost" method (Cortese, Irvine, & Kaidonis, 2009)
The results showed that even when parties used other lobbying methods – such as intermediation by audit firms and meetings with the UK’s Accounting Standards Board (UKASB) – these methods were significantly associated with use of comment letters
Summary
In the field of accounting regulation of oil exploration and production activities, the debate over which accounting model best captures economic transactions in the oil industry dates back to the 1960s and 1970s. Cortese, Irvine and Kaidonis (2010) presented evidence that demonstrated that the international accounting body was captured by the regulated companies, resulting in a standard that maintained the status quo (i.e., the free choice of accounting methods), which clearly serves the interests of the oil companies In this context, the publication of the DPEA provides another opportunity to observe lobbying by oil companies to influence the IASB’s regulation of oil industry accounting. This is the basis for this study and the reason why it is important
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
