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.
|Journal||Petroleum Accounting and Financial Management Journal|
|Publication status||Published - 1 Oct 2006|
- oil and gas industry
- accounting standards