This paper illustrates the influence of powerful players in the setting of IFRS 6, a new International Financial … Reporting Standard (IFRS) for the extractive industries. A critical investigative inquiry of the international accounting … regulatory process of setting IFRS 6 has been captured by powerful extractive industries constituents so that it merely codifies …

This study systematically points out where accounting problems will arise and how US GAAP and IFRS deal with these … problems. It subsequently examines the differences in oil and gas accounting under US GAAP and IFRS in order to determine the … standards. Testing the hypothesis is done by way of a sample consisting of entities reporting under both US GAAP and IFRS. For a …