Accounting Standard-Setting Has Been Characterized as a Political Process

question 154

Essay

Accounting standard-setting has been characterized as a political process. Discuss this proposition giving an example.

---

Definitions:

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response.

Desirable Behaviors

Actions or conduct considered appealing or appropriate by a group, culture, or society, often encouraged or rewarded.

Reinforce

To strengthen a behavior, action, or concept, usually through repetition or reward.

Punishment

A consequence or penalty given for a perceived misbehavior or infringement, intended to reduce or eliminate that behavior.