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Audit Firm Lobbying on Proposed Disclosure Requirements

Author

Listed:
  • Craig Deegan

    (University of Queensland, St Lucia QLD 4067.)

  • Richard Morris

    (University of N.S.W., Kensington NSW 2033.)

  • Donald Stokes

    (University of Queensland, St Lucia QLD 4067.)

Abstract

This study investigates incentives of audit firms to lobby on proposed disclosure requirements. The results are consistent with the proposition that higher expected costs of non-compliance with statutory disclosure requirements compared to professional standards provide less incentives for audit firms to lobby in favour of increased statutory disclosure requirements and more incentives to lobby in favour of increased professional disclosure requirements. Their lobbying in favour on either source of proposed disclosure requirements is not associated with increasing size of the audit firm, the amount of new auditing to be generated by the disclosure requirements or by whether they are specialised in the proposed requirements.

Suggested Citation

  • Craig Deegan & Richard Morris & Donald Stokes, 1990. "Audit Firm Lobbying on Proposed Disclosure Requirements," Australian Journal of Management, Australian School of Business, vol. 15(2), pages 261-280, December.
    • Handle: RePEc:sae:ausman:v:15:y:1990:i:2:p:261-280
    DOI: 10.1177/031289629001500203
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    References listed on IDEAS

    as
    1. Christie, Andrew A., 1987. "On cross-sectional analysis in accounting research," Journal of Accounting and Economics, Elsevier, vol. 9(3), pages 231-258, December.
    2. Puro, M, 1984. "Audit Firm Lobbying Before The Financial Accounting Standards Board - An Empirical-Study," Journal of Accounting Research, Wiley Blackwell, vol. 22(2), pages 624-646.
    3. Sutton, Timothy G., 1988. "The proposed introduction of current cost accounting in the U.K. : Determinants of corporate preference," Journal of Accounting and Economics, Elsevier, vol. 10(2), pages 127-149, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Garry Carnegie & Brian West, 1997. "Observing the PSASB: ED 50 and the Recognition of Infrastructure Assets," Australian Accounting Review, CPA Australia, vol. 7(14), pages 30-39, October.

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