Experimental research on standard-setting issues in financial reporting

Lisa Koonce, Cassie Mongold, Laura Quaid, Brian J. White

Research output: Contribution to journalArticlepeer-review

Abstract

Accounting standard setters value input from academic research as they deliberate potential new standards and evaluate the effects of existing standards. In this paper, we argue that experimental research is well-suited to producing insights to standard setters before, during, and after accounting standards are issued. In so doing, we address common questions that arise when researchers consider undertaking research on standard-setting issues. To facilitate future research in this domain, we compile the existing experimental research on standard-setting issues and classify it in categories that correspond to the Financial Accounting Standards Board's technical agenda and codification taxonomy. We then use this classification to identify examples of important questions that future experimental research could address. Finally, we draw on our own experiences to provide insights intended to help researchers conduct high-quality experimental research that is relevant to standard setters and publishable in top academic journals.

Original languageEnglish (US)
Article number101509
JournalAccounting, Organizations and Society
Volume112
DOIs
StateAccepted/In press - 2023
Externally publishedYes

Keywords

  • Accounting standard setting
  • Experiments
  • Financial reporting
  • Research

ASJC Scopus subject areas

  • Accounting
  • Sociology and Political Science
  • Organizational Behavior and Human Resource Management
  • Information Systems and Management

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