Abstract:
Private intervention in regulation is nowadays one of the most debated themes that concern
international governance dynamics, and the International Accounting Standards Board is an
eminent example of how a private entity could be tasked with the power to intervene in
regulation. The aim of this work is to understand and define the framework on which IASB is
based, to acknowledge the functioning of private intervention in regulation on the one hand, and
to analyze the possible application of such framework in new regulatory contexts on the other.
The analysis carried out in this work has been conducted through the interpretation of literary
contributions that refer to different areas of academic thinking, to reflect the multidisciplinary
nature of the theme chosen. The method used has been the critical review of an extensive literary
corpus of heterogeneous nature, in order to define the characteristics of the accounting
regulatory framework in which IASB moves, to identify which are the elements that have
constituted the success of a private entity in intervening in regulation, and to use these elements
to explore expertise-based self-regulation. The application of the defined expertise-based self-
regulatory framework to new regulatory contexts is discussed in a dissertation which identifies the
Big Data sector as a suitable ground for this integration.
It emerged that the elements that constituted the success of IASB as an expertise based private
regulator fall outside the quality of the standards and the economic and financial effects of their
application. The idea behind this work is that a multidisciplinary analysis of the implications of this
regulatory framework, its integration with international governance dynamics and its possible
application to new regulatory contexts could give a contribution in the identification of the
funding elements of this success.
