ACCOUNTING STANDARDS SETTING APPROACH DILEMMA: A THEORETICAL EXEGESIS

DR. NDIFON OJONG EJOH
(08065994295, 08029141913, ndifon.ejoh@yahoo.com)
DEPARTMENT OF ACCOUNTANCY,
FACULTY OF MANAGEMENT SCIENCES,
CROSS RIVER UNIVERSITY OF TECHNOLOGY, CALABAR.

ABSTRACT

This paper addresses the approaches to accounting standard setting that have been the mantra of
accounting. It begins by highlighting markets demand for reliable accounting information.
Thereafter, approaches to accounting standard setting (for the production of reliable information)
are analysed, highlighting the application, arguments, theories, examples and drawbacks of each
approach. A conclusion is made.
KEYWORDS: Accounting standards, Market Demand, Regulatory Bodies, Theories.

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