Evidence-Informed Standard Setting: International Accounting Standards Board Activities and the Contribution of Academic Research

SYNOPSIS

This paper describes how the International Accounting Standards Board (IASB) uses evidence from academic research when carrying out standard-setting activities. We provide four case studies to show when and how evidence is used in various stages of the IASB’s work. Calls for academics to demonstrate the practical impact of their work have been increasing. We describe how academics can improve the relevance of their work for standard-setters and how they and the IASB can increase their interactions. More relevant studies and greater interactions between academics and standard-setters should help to bridge the academia-practice gap in the standard-setting arena and assist academics to increase the impact of their research on practice.

JEL Classifications: A20; I23; M10; M40; M41.