Research Proposal: Accounting Regulation in Australia (BUS707)

This document presents a research proposal on accounting regulation in Australia, focusing on the role of the Australian Accounting Standards Board (AASB) and the impact of adopting International Financial Reporting Standards (IFRS). The research aims to explore the influence of AASB on shaping accounting regulations and assess whether IFRS adoption improves the quality of financial reporting by Australian entities. The research design employs an exploratory approach with a qualitative research methodology, utilizing interviews for primary data collection and simple random sampling. Thematic data analysis will be used to analyze the collected qualitative data. The proposal also details ethical considerations, including obtaining informed consent, ensuring anonymity, and maintaining data confidentiality. The literature review provides context and background for the research, discussing the evolution of accounting regulations and the viewpoints of various authors on the subject. The limitations of the research and suggestions for future research are also outlined in the report.

Accounting Regulation in
Australia
Your name
Student Number
BUS707 Applied Business Research

Research Problem & Research Objectives
•The research questions developed for the study are as follows:
o What role does AASB play in framing accounting regulation in Australia?
o Is adoption of IFRS/IAS improving the reporting quality of financial statements by
the Australian entities?
•The research objectives developed for the study are as follows:
o To find out the role played by Australian accounting professional bodies in farming
the accounting regulation in Australia.
o To find out the changes taking place in accounting regulation as time elapses.

Research Design & Methodology
• Exploratory research design
o The identified problem statement has not been studied in a clear manner
in the previous secondary articles (Goeman and Solari, 2011).
• Qualitative research approach
o Most notable methods used in the context of exploratory research
o Go ahead with gaining detailed understanding of the reasons, motivations,
perceptions and thought process of the respondents likely to take part in
the data collection process (Maxwell, 2012).
• Primary data for the purpose of collecting data
o Data collection is done in accordance to the present scope of the study
(Cleary, Horsfall and Hayter 2014).

Research Design & Methodology
(cont)
• Interview method of data collection
o Provides a wide range of information relating to the personal feeling and
opinions of each of the respondents taking part in the data collection process
(Alshenqeeti, 2014).
• Simple random sampling
o Helped in identifying a smaller number of samples from a larger target
population (Levy and Lemeshow, 2013).
• Thematic data analysis is done
o Identification, interpretation as well as analysis themes identified from the
qualitative data that the research study has successfully collected (Joffe,
2012).

Ethical considerations
• Prior permission of each of the respondents have been taken followed
by educating them about the purpose of the study.
• The identity of the sample respondents will be kept anonymous.
• Adherence to high degree of data confidentiality, anonymity and
honesty all through out the data collection as well analysis process.
• Data will be stored safety in the university database after its usage in
the present study and not used for any other work in the future course
of action.

Reference List
Alshenqeeti, H., 2014. Interviewing as a data collection method: A critical review. English Linguistics
Research, 3(1), pp.39-45.
Cleary, M., Horsfall, J. and Hayter, M., 2014. Data collection and sampling in qualitative research: does size
matter?. Journal of advanced nursing, 70(3), pp.473-475.
Goeman, J.J. and Solari, A., 2011. Multiple testing for exploratory research. Statistical Science, 26(4), pp.584-
597.
Joffe, H., 2012. Thematic analysis. Qualitative research methods in mental health and psychotherapy, 1.
Levy, P.S. and Lemeshow, S., 2013. Sampling of populations: methods and applications. John Wiley & Sons.
Maxwell, J.A., 2012. Qualitative research design: An interactive approach (Vol. 41). Sage publications.