The Limited Diversity of the Accounting Standard Boards of Canada and the United States

By Alistair M. Brown and Mitch Van der Zahn.

Published by The Diversity Collection

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Article: Print $US10.00
Article: Electronic $US5.00

Through Werhane and Freeman’s (1997) conception of ethical diversity and Brown, Tower and Taplin’s (2004) spectrum of financially bound stakeholder diversity, this paper considers the limited functional diversity of the memberships of the national accounting standard setting boards of Canada (Canadian Accounting Standards Board and its masters Accounting Standards Oversight Council) and the United States (Financial Accounting Standards Board and its overseer Financial Accounting Foundation). The results of the study show that all boards are heavily tilted toward interest-based ethically bound membership as reflected by the very strong core-financial stakeholder representation. The lack of diversity of board membership has grave implications for the citizens it directly represents and citizens outside the boundaries of Canada and the United States of America that are affected by the boards’ actions.

Keywords: Limited Diversity, Canadian Accounting Standard Board, Federal Accounting Standards Board

International Journal of Diversity in Organizations, Communities and Nations, Volume 7, Issue 2, pp.263-274. Article: Print (Spiral Bound). Article: Electronic (PDF File; 536.082KB).

Dr. Alistair M. Brown

Associate Professor, School of Accounting, (Governance Reporting and Regulation & Digital Ecosystems and Business Intelligence), Curtin University of Technology, Perth, Western Australia, Australia

Alistair Brown is an associate professor at Curtin University. He is associate editor of Financial Reporting Regulation and Governance and is currently a member of the research group Digital Ecosystems and Business Intelligence.

Professor Mitch Van der Zahn

Professor, DEBII, Curtin University of Technology, Perth, WA, Australia

Professor Mitch Van der Zahn has just secured an appointment with Curtin University of Technology. He is a prolific author of academic work and is on a number of editorial boards.


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