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

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

Glasgow Caledonian University

Research output: Contribution to journal › Article › peer-review

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 language	English
Journal	Petroleum Accounting and Financial Management Journal
Publication status	Published - 1 Oct 2006

Keywords

oil and gas industry
accounting standards

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title = "A critical analysis of the use of accounting standards{\textquoteright} 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{\textquoteright}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",

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language = "English",

journal = "Petroleum Accounting and Financial Management Journal",

issn = "1554-2904",

publisher = "University of North Texas Press",

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AU - Tarbert, Heather

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PY - 2006/10/1

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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

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