Interests behind the IASC

Abstract

This article aims to present some recent and relevant historical facts about the formation of the IASC / IASB and highlights aspects still little known by the majority of researchers and scholars of Brazilian Accounting, especially, about the backstage of the negotiations and political dealings around its creation and conducting the process of preparing international accounting standards. The historical elements, presented here, also refer to the process of forming other entities and working groups, such as IFAC, G4 + 1, in addition to others, which decisively influenced the creation of the IASC. The historical facts allow us to infer about the stressful political process in the conduction of the creation of the IASC / IASB which, in contrast, lead to the abandonment of positivist scientific principles to guide the consolidation of international accounting standards. And the conclusion of this work is that accounting scientificity, in this new millennium, is determined by class representation bodies, almost completely eliminating academia and individual talents. These bodies are created not to be forums for discussion, but to be the determinants, the agents of conducting accounting science. The research is descriptive with a qualitative approach.