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LECTURE 3
Different perspectives:
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AGENCY THEORY
However:
AGENCY THEORY
THEORIES OF REGULATION
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Assumption:
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STANDARD SETTING AS
A POLITICAL PROCESS
Standard setting is a political process because it can
affect many conflicting and self-interested groups
The regulator must make a political choice
ACCOUNTING IN INDONESIA
ACCOUNTING IN INDONESIA
Influence form the USA (continues):
ACCOUNTING IN INDONESIA
International influence:
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ACCOUNTING IN INDONESIA
ACCOUNTING IN INDONESIA
Standard setting in Indonesia followed American Model:
1. Issue identification
2. Preliminary consideration
ACCOUNTING IN INDONESIA
Professional organisation Ikatan Akuntan Indonesia (IAI)
1. Kompartemen Akuntan Akademisi (IAI-KAA)
ACCOUNTING IN INDONESIA
IAI declared fully adoption of IFRS on 23 December
2008
Convergence with IFRS started on 1 January 2012
6. PSAK preparation