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Factors impacting on the future of the IASB

Z.Y. Sacho (Department of Accounting, University of Pretoria)
J.G.I. Oberholster (Department of Accounting, University of Pretoria)

Meditari Accountancy Research

ISSN: 1022-2529

Article publication date: 1 April 2008



This paper investigates the factors influencing the future of the IASB, using as the point of departure, a review of its historical progression towards becoming the global accounting standard‐setting authority. It concludes that the IASB is an organisation vulnerable to (1) political lobbying of influential institutions, (2) US accounting authorities decision makers, (3) potential accounting scandals, and (4) cultural differences resulting in the misapplication of its standards around the world. Such factors should be borne in mind when charting the next steps for the IASB and in evaluating the comparability and quality of accounts produced under IFRSs around the world.



Sacho, Z.Y. and Oberholster, J.G.I. (2008), "Factors impacting on the future of the IASB", Meditari Accountancy Research, Vol. 16 No. 1, pp. 117-137.



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Copyright © 2008, Emerald Group Publishing Limited

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