The IASB Standard-setting Literature: A Survey of Evidence and Future Research Opportunities
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Authors
Kabir, Humayun
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Journal Article
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Elsevier BV
Abstract
This paper provides a systematic review of the evidence regarding the International Accounting Standards Board (IASB)’s standard-setting behavior and constituent participation in its standard-setting process. This broad objective is broken down into specific research questions based on the phases of the IASB’s formal standard-setting process, and the review is structured around these questions. The sample comprises 75 research studies published from 2002 through 2023. The private interest theory informs the analysis of the evidence. The findings suggest that the IASB’s standard-setting practices and constituent participation behavior are aligned with this theory. The results indicate that three broad areas attracted the most scholarly attention: changes in the IASB’s governance and due process, constituent participation in the IASB’s standard-setting process, and constituent influence on the IASB’s standard-setting. However, several areas remain relatively underexplored, including agenda-setting, constituent positions on IASB proposals and their determinants, the arguments and language choices in comment letters, the IASB’s internal process, the arguments and language choices in International Financial Reporting Standards (IFRS), and post-implementation reviews. The evidence reviewed in this paper suggests that the IASB largely maintained its independence in standard-setting and obtained legitimacy from its constituents. Finally, the paper identifies opportunities for further enriching the literature.Description
Keywords
1501 Accounting, Auditing and Accountability, 1599 Other Commerce, Management, Tourism and Services, Accounting, 3501 Accounting, auditing and accountability, Accounting standard-setting, IASB, IFRS
Source
Journal of International Accounting, Auditing and Taxation, ISSN: 1061-9518 (Print), Elsevier BV, 100756-100756. doi: 10.1016/j.intaccaudtax.2026.100756
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© 2026 The Author(s). Published by Elsevier Inc. This is an open access article distributed under the terms of the Creative Commons CC-BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.