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Bridging the gap between academia and standard setters

Rowena Sinclair (Department of Accounting, Auckland University of Technology, Auckland, New Zealand)
Carolyn J. Cordery (School of Accounting and Commercial Law, Victoria University of Wellington, Wellington, New Zealand)

Pacific Accounting Review

ISSN: 0114-0582

Article publication date: 4 April 2016

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Abstract

Purpose

This commissioned paper reviews literature outlining reasons for a perceived gap between academics and standard setters as policy makers. The aim of this paper is to emphasise how academics and standard setters can collaborate on accounting and audit research and assist standard setters to act in the public interest.

Design/methodology/approach

The approach is primarily a literature and document review of relevant issues, summarising New Zealand’s standard setting arrangements, providing examples of successful policy-changing research, and making recommendations on future research topics.

Findings

Despite the long-held views of a gap between academic researchers and standard setters, increasingly standard setters utilise research and request input from academics in their deliberations. Standard setters can increase the likelihood of relevant research by promoting critical issues for research and connecting their practitioner networks with academics. Academics can bridge the gap by selecting topics of mutual interest and by communicating their findings extensively and well.

Practical implications

Increasing collaboration should lead to better accounting and audit standards.

Originality/value

This paper highlights matters of concern in the New Zealand standard setting environment where there is a strategic objective to undertake research.

Keywords

Acknowledgements

This paper has been reviewed for accuracy by senior staff at the New Zealand standard setter.

Citation

Sinclair, R. and Cordery, C.J. (2016), "Bridging the gap between academia and standard setters", Pacific Accounting Review, Vol. 28 No. 2, pp. 135-152. https://doi.org/10.1108/PAR-01-2016-0005

Publisher

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Emerald Group Publishing Limited

Copyright © 2016, Emerald Group Publishing Limited

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