The Economics of

Financial Reporting Regulation

 Agenda Layout
A Unregulated Markets for Accounting Information

B Regulated Markets for Accounting Information

C The Conditional Justification of Standars Settings

D Economic Consequences of Accounting Policy

 Unregulated Markets for
Accounting Information

COMPETITIVE CAPITAL ARGUMENTS IN FAVOR

MARKETS OF PRIVAT
AGENCY THEORY
and CONTRACTING
SIGNALING INCENTIVES OPPORTUNITIES
Regulated Markets for Accounting Information

MARKET FAILURE

THE FIRM AS A
FAILURES OF
MONOPOLY FINANCIAL REPORTING
ACCOUNTING AS
SUPPLIER OF A PUBLIC GOOD
AND AUDITING
INFORMATION
SOCIAL
GOALS
Increasing
Comparability

Decreasing
Information
Asymetry
The Conditional Justification of
Standards Settings

The Regulatory Process

The Political
Regulatory
Nature of
Behaviour
Regulation
REGULATORY BEHAVIOUR

Behaviour of
Companies,
Life Cycle Auditors,
Theory Free Riders
Capture
Theory
 Pembuatan Standar Akuntansi seringkali
menguntungkan sebagian pihak. Kebijakan
Economic akuntansi bukan sekedar efisiensi ekonomi maupun
pengoptimalan.
Consequences
FASB mulai memperhatikan masalah ini, tetapi
of FASB lebih berfokus kepada perusahaan,
pemegang saham, dan analis keuangan.
Accounting
FASB hanya memperhitungkan cost dalam cakupan
Policy yang sangat sempit, hanya terkait kebutuhan
informasi di pasar saham.
 D
D
Thank you