On FASB Standard Setting:The Role of Funding Structure and Voting Rule  

作　　者：Devon Baranek 

机构地区：[1]Devon Baranek Rider University,Lawrenceville,US

出　　处：《Journal of Modern Accounting and Auditing》2022年第1期15-32,共18页现代会计与审计（英文版）

摘　　要：This study develops and tests hypotheses about organizational characteristics of the Financial Accounting Standards Board(FASB)and captures the effects of some recent changes on the operations of the Board in standard setting.I establish a methodology to quantify the complex work of the FASB through factor analysis and condense various proxies into three meaningful performance metrics:thoroughness,timeliness,and consensus.These performance measures are used as dependent variables in a regression analysis to capture how the work of the FASB varies with respect to funding and voting changes.I find evidence that a change in FASB funding from private donations to mandatory accounting support fees is associated with an improvement in Board consensus but no significant change in thoroughness or timeliness.I also find the change in voting rules from supermajority to simple majority is associated with improvements in timeliness but a decline in thoroughness and consensus.Overall,the results suggest that the work of the FASB is multidimensional and that the improvement of one area may come at the cost of another.

关 键 词：the Financial Accounting Standards Board(FASB) accounting regulation standard-setting FASB funding FASB voting 

分 类 号：F23[经济管理—会计学]