ABSTRACT

Very little research has been published about how the conceptual underpinnings of standards developed at the global level might impact on their potential implementation at the local level and vice versa. Inspired by a normative approach to standard setting, this paper draws on the framework of recursivity to explore the role of the measurement objective and bases, as identified in the standard setting processes of the International Public Sector Accounting Standards Board (IPSASB). This paper contributes to the scarce literature on accounting standard setting processes in the public sector by addressing how conceptual underpinnings of standards developed by international standard setters at the global level may impact standard setting on the local level, and vice versa.

IMPACT

The paper aims to contribute to our understanding of standard setting processes in public sector accounting by drawing on the measurement issue of fair value versus market value. The analysis highlights that uncertainty as to the meaning terms carry can lead to confusion at both the global and the local level, in particular, when the identification of measurement bases does not follow from the measurement objective. This is of practical relevance as it points to the importance of consistency in standard setting to avoid conceptual mismatches between the global and the local, which may endanger the global standard setter’s legitimacy. The paper offers a basis for policy-makers and managers to discuss conceptual mismatches between national and international accounting standards and the impact these decisions have on future accounting standard setting projects, not only at the global but also at the local level.

摘要

关于在全球范围内制定的标准的概念基础如何影响其在地方一级的潜在实施，反之亦然的研究很少。受到规范性标准制定方法的启发，本文采用递归性框架来探讨国际公共部门会计准则委员会（IPSASB）的标准制定过程中确定的计量目标和基础的作用。本文探讨了国际标准制定者在全球范围内制定的标准的概念基础如何影响地方一级的标准制定，反之亦然，从而为公共部门中会计准则制定过程的稀缺文献做出了贡献。

影响

本文旨在通过利用公允价值与市场价值的计量问题，帮助我们理解公共部门会计中的标准制定流程。分析强调指出，关于术语所含含义的不确定性可能导致在全球和地方两个层面上造成混淆，尤其是在没有从测量目标中识别出测量基准的情况下。这具有实际意义，因为它指出了标准制定中保持一致性的重要性，以避免全球和本地之间概念上的不匹配，因为这可能会危害全球标准制定者的合法性。