A critical analysis of the use of accounting standards’ comment letters as lobbying tools by extractive industry firms

Ayodele O. Asekomeh, Alex Russell, Heather Tarbert

Research output: Contribution to journalArticle

Abstract

This paper argues that comment letters in response to a recent proposed accounting standard were used by the extractive industry as lobbying tools. Specifically, a content analysis of responses received in respect of the IASC’s extractive industries issues paper reveals the greatest divergence of views on accounting treatments that have the highest potential for income management. This divergence appears to represent an attempt by lobbyists to ensure that income management strategies are not forfeited.

Original languageEnglish
JournalPetroleum Accounting and Financial Management Journal
Publication statusPublished - 1 Oct 2006

Fingerprint

Extractive industries
Income
Lobbying
Divergence
Accounting standards
Management strategy
Content analysis

Keywords

  • oil and gas industry
  • accounting standards

Cite this

@article{e7788e9e32134cc28de328db84d34869,
title = "A critical analysis of the use of accounting standards’ comment letters as lobbying tools by extractive industry firms",
abstract = "This paper argues that comment letters in response to a recent proposed accounting standard were used by the extractive industry as lobbying tools. Specifically, a content analysis of responses received in respect of the IASC’s extractive industries issues paper reveals the greatest divergence of views on accounting treatments that have the highest potential for income management. This divergence appears to represent an attempt by lobbyists to ensure that income management strategies are not forfeited.",
keywords = "oil and gas industry, accounting standards",
author = "Asekomeh, {Ayodele O.} and Alex Russell and Heather Tarbert",
note = "Originally published in: Petroleum Accounting and Financial Management Journal (2006), 25 (3), pp.55-76.",
year = "2006",
month = "10",
day = "1",
language = "English",
journal = "Petroleum Accounting and Financial Management Journal",
issn = "1554-2904",
publisher = "University of North Texas Press",

}

A critical analysis of the use of accounting standards’ comment letters as lobbying tools by extractive industry firms. / Asekomeh, Ayodele O.; Russell, Alex; Tarbert, Heather.

In: Petroleum Accounting and Financial Management Journal, 01.10.2006.

Research output: Contribution to journalArticle

TY - JOUR

T1 - A critical analysis of the use of accounting standards’ comment letters as lobbying tools by extractive industry firms

AU - Asekomeh, Ayodele O.

AU - Russell, Alex

AU - Tarbert, Heather

N1 - Originally published in: Petroleum Accounting and Financial Management Journal (2006), 25 (3), pp.55-76.

PY - 2006/10/1

Y1 - 2006/10/1

N2 - This paper argues that comment letters in response to a recent proposed accounting standard were used by the extractive industry as lobbying tools. Specifically, a content analysis of responses received in respect of the IASC’s extractive industries issues paper reveals the greatest divergence of views on accounting treatments that have the highest potential for income management. This divergence appears to represent an attempt by lobbyists to ensure that income management strategies are not forfeited.

AB - This paper argues that comment letters in response to a recent proposed accounting standard were used by the extractive industry as lobbying tools. Specifically, a content analysis of responses received in respect of the IASC’s extractive industries issues paper reveals the greatest divergence of views on accounting treatments that have the highest potential for income management. This divergence appears to represent an attempt by lobbyists to ensure that income management strategies are not forfeited.

KW - oil and gas industry

KW - accounting standards

M3 - Article

JO - Petroleum Accounting and Financial Management Journal

JF - Petroleum Accounting and Financial Management Journal

SN - 1554-2904

ER -