interests regarding financial reporting. In the absence of a coherent social choice theory, concepts of legitimacy can be used … develop legitimate accounting procedures. However, the original purpose and the ensuing legitimacy of its control mechanism … are jeopardized when EU structures are used and sometimes abused for policy formation and the creation of EU-IFRS …

This study examines and clarifies the legitimacy of the global accounting standard setting mechanism and exposes the … politicization of accounting regulation. In particular, we investigate the legitimation crises suffered by the IASB and IFRS in …

While it is generally accepted that legitimacy is a desirable feature of accounting standards, ‘legitimacy' remains …'s strategically structured transactions. The model describes two generally accepted sources of legitimacy: (1) increasing the … of legitimacy, while specifying an accounting standard in more detail may have little or no effect on objectivity or …