JMGT_V3_N4_RP2 David Hossain J. Gregory Kunkel Edward Lance Monsour Journal on Management 2230 – 715X 3 4 11 22 Accounting Standards, Financial Reporting, Regulations, Triocracy In this paper, we compare the standard setting process and outcomes for two important areas of accounting disclosure, business combinations and derivatives. We examine the process using the triocracy theory of government regulation. We find the outcome of the standard setting process to be much different in accounting for business combinations than it was in accounting for derivatives. This is because the array of special interest groups opposing the rules for business combinations was much broader and stronger than those groups that opposed the proposed standards for derivatives. March - May 2009 Copyright © 2009 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=198