The purpose of this study was to define and examine the IASB’s
governance network. The IASB’s governance network was bound to include 14
organisational members and 407 individual actors. I used social network
methodology to examine the professional and geographic perspectives
represented as well as the extent to which the governance network was
structurally embedded. It was found that the network forms a definable
hierarchy that exhibits qualities of structural embeddedness. Banking interests
were more embedded within the governance network than any other
professional, academic, or social group. Also, a strong Western influence was
detected. The societal benefit of this effort was to engage society in general and
accounting researchers in particular in hopes of encouraging discourse about
regulatory processes with both macro and micro consequences.