Standard setting: the crucial issues. A case study of accounting & auditing.
A study of standard-setting efforts in accounting and auditing is reported. The study reveals four major areas of concern in a professional standard-setting effort: (1) issues related to the rationale for setting standards, (2) issues related to the standard-setting board and its support structure, (3) issues related to the content of standards and rules for generating them, and (4) issues that deal with how standards are put to use. Principles derived from the study of accounting and auditing are provided to illuminate and assess standard-setting efforts in evaluation.
D000066:Accounting / Q000592:standards*; D000068:Accreditation / Q000592:standards; D011361:Professional Competence / Q000592:standards; D014481:United States