POLITICAL LOBBYING AS A FACTOR OF INFLUENCE ON SETTING IAS – NATIONAL AND INTERNATIONAL EXPERIENCE

This study deals with how political lobbying affects process of establishing International Accounting Standards at both national and international level. Many factors influence process of implementation of IAS, but in this study the emphasis is on political lobbying in the United States and European Union. Political lobbying appears to be present in standardization in different fields, causing various attempts to regulate the setting of International Accounting Standards in the USA and EU.

Key words: political lobbying, International Accounting Standards, IASB, FASB, business combinations, employee stock options

JEL Classification: M48