Research On The Policy Process Of Accounting Standards Under The Public Policy Analysis

With the issuing and implementation of new accounting standards, research in the field of accounting has focused on how to improve the quality of financial accounting reports, to reduce financial frauds in the capital market, and to fulfill the equality and efficiency of accounting standards. This paper aims to improve the quality of accounting standards, and based on the analysis of policy process of accounting standards, it concerns the issues of formulation, implementation, assessment, supervision and termination. Regarding the accounting standards as an economic policy, this paper, free from restrictions of accounting, launches a multi-leveled and comprehensive systematic research through the integration of stakeholders theory and public choice theory to perfect the accounting standards in terms of institutional norms and operational model, enabling the high-quality accounting standards to provide the society with the optimal accounting information. The paper highlights not only the latest cutting-edge theories but also bases itself on the construction of China's accounting standards. Besides, it researches the accounting standards from the perspective of public management, thus opening new research for the theoretical world and practitioners of accounting standards.Chapterâ…¡states the relevant basic theories in the policy process of accounting standards and makes clear the logical relations between them. Chapterâ…¢analyzes the criteria of optimal accounting standards under policy analysis. In Chapterâ…£, the formulation of accounting standards functions as the core of the policy process of accounting standards. Models for formulation of accounting standards are put forward, arguing that accounting standards are the result of group selection. Factors affecting the implementation of accounting standards are discussed in Chapterâ…¤to explore the reasons for the existence of discretion and the government roles. In Chapterâ…¥, under the Public Policy Analysis, responsive assessment concepts, models and methods are discussed. Besides, the responsive accounting standards assessment and its impact on the accounting standards effects assessment are also analyzed. Chapterâ…¦studies the stakeholder's role and supervision in the accounting standards supervision, resulting in the relation between the government validity analysis and the optimal supervision model. Chapterâ…§discusses the end of China's accounting standards and accounting standards adjustment. Based on the policy process theory, cycle theory of accounting standards are put forward.The innovative results achieved by the exploratory research are: regarding the accounting standards as an economic policy, the paper, applies the policy process theory of the public policy analysis to the research on accounting standards; seeing the accounting standards as a dynamic and cycled policy dialectical system, thus cycle theory of accounting standards is put forth. Applying the problem construction theory in the formulation of accounting standards, and designs the formulation model of accounting standards under public policy analysis. By resorting to the stakeholders theory and policy assessment methods, it puts forward a new assessment method:responsive assessment model of stakeholders.