Successful standard-setting outcomes require some level of acceptance by diverse stakeholder groups. This study examines the evolution of FASB due process institutions since Enron, which have the potential to engender stakeholder acceptance. The prior literature on accounting standard-setting outcomes often focuses on the effects of individuals, organizations, or established due process institutions. Our study highlights the critical role played by recent due process institutions such as enhanced advisory groups, transition resource groups, field tests, and post-implementation reviews in contemporary standard-setting activity. Advisory groups, in particular, shift the balance of power within standard-setting to give a stronger voice to specific stakeholders (e.g., investors, not-for-profits, and private companies) and sometimes provide a recruiting network for future FASB members. We synthesize the growing importance these due process institutions have for effective standard-setting outcomes with the academic literature to identify areas for future research.

中文翻译：

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利益相关者参与和有效的标准制定

成功的标准制定成果需要不同利益相关者群体在一定程度上接受。本研究考察了自安然以来 FASB 正当程序制度的演变，这些制度有可能使利益相关者接受。先前关于会计准则制定结果的文献通常侧重于个人、组织或已建立的正当程序机构的影响。我们的研究强调了近期正当程序机构所发挥的关键作用，例如增强的咨询小组、过渡资源小组、现场测试和实施后审查在当代标准制定活动中的作用。尤其是咨询小组，在标准制定过程中改变权力平衡，让特定利益相关者（例如，投资者、非营利组织、和私营公司），有时为未来的 FASB 成员提供招聘网络。我们将这些正当程序机构对有效标准制定结果的重要性与学术文献进行综合，以确定未来研究的领域。