Sustainability reporting standards: Analysis of IFRS comment letters / Nor Diana Zainun

Nor Diana , Zainun (2023) Sustainability reporting standards: Analysis of IFRS comment letters / Nor Diana Zainun. Masters thesis, Universiti Malaya.

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Abstract

Investigation on lobbying behaviour related to accounting standards has been a long tradition on the basis of comment letters. However, there have been no attempts to investigate lobbying conduct in comment letters in relation to other types of reporting standards, such as sustainability reporting standards, which have similar public consultation processes. The purpose of this study is to evaluate the comment letters submitted to the International Financial Reporting Standards (IFRS) in regard to sustainability reporting standards. This research focuses on stakeholders' reactions to the IFRS consultation paper on developing a standardised framework, which may benefit stakeholders and influence the development of the sustainability reporting standard. The key contribution of this study is to demonstrate the main concern of the users regarding sustainability reports and provide a substantial view to all stakeholders and standard setters on the need for a globalised framework. Using a qualitative content analysis method, this study examines the comment letters of participants in this process with a view to revealing how stakeholders’ groups produce justification to promote their position on the IFRS proposal. The analysis has been done for all the questions listed by IFRS in the consultation paper. The result of the research can crucially contribute to the understanding on why organisations demand for sustainability reporting standards. The findings of this study also reveal that stakeholders will actively participate in lobbying behaviour to influence the standard setting due process.

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