The paper sets out to analyse the effects of the financial crisis on the international standard-setter in 2008 and the attempts made to shoot the messenger - to blame IAS 39 for creating the crisis for reporting unrealised losses, rather than the cause being bankers making bad investment...

Accounting for research and development (R&D) costs is an open issue. SFAS n°2 mandates that all R&D costs are immediately expensed. International standards prescribe a capitalization of R&D costs if they meet certain criteria (IAS 38). The cost method is perfectly objective and verifiable. The...

The crux of New Public Management (NPM) is to use both externalization and private management criteria to evaluate the efficiency of public action and investments (Rouillard, 2003; Hood and Peters, 2004). Thus the efficiency of NPM is presented as depending on the willingness and capacity of public...