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Miraj, Javed, and Zhuquan Wang. "Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries." Research in World Economy 9, no. 2 (November 7, 2018): 44. http://dx.doi.org/10.5430/rwe.v9n2p44.
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We examined the extent of adoption of the International Public Sector Accounting Standards (IPSAS) in South Asia and the challenges that are decelerating this process. The moderating organization, International Public Sector Accounting Standards Board (IPSAB), instituted IPSAS in an effort to improve financial reporting by public sector organizations and for comparability purposes. The aims of this research were to establish to what extent the IPSAS has been adopted in South Asia and determine the drawbacks contributing to its slow adoption process. To answer the study questions a literature review of the South Asian countries that have adopted the IPSAS was conducted. The study findings show that most of the South Asian nations have adopted the IPSASs though to different extents. Nepal, Bangladesh, Pakistan and Sri Lanka have implemented the IPSAS but taking different approaches and directions, while India still uses the cash based accounting system. The key barriers include; lack of experienced staff, delay in provision of information by the public entities, and lack of a defined implementation timeframe which seem to cut across these countries.
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O., Ademola Abimbola, Ben-Caleb E., Madugba Joseph U., Adegboyegun Adekunle E., and Eluyela Damilola F. "International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector." International Journal of Financial Research 11, no. 1 (October 10, 2019): 434. http://dx.doi.org/10.5430/ijfr.v11n1p434.
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This study evaluated the relationship between IPSAS adoption and financial reporting quality in South West, Nigeria. Specifically, it analysed the effect of IPSAS adoption on credibility and comparability of financial statements. Additionally; salient factors influencing IPSAS implementation were investigated. Primary data collected from one hundred and eighty accountants in South West Nigeria were analysed using tabulation, graphs, factor analysis, and Goodman and Kruskal’s gamma statistics.The empirical results indicated that IPSAS adoption exerted significant and positive relationships with financial reporting quality, credibility and comparability of financial statements. Decisively, discoveries from this study reflect that implementation cost, staff training, technological factor, IPSAS knowledge and awareness and availability of expertise significantly affect IPSAS implementation. However, findings further revealed that IPSAS implementation is not significantly influenced by institutional commitment, cultural, sociological, legal, political and environmental factors. Based on these findings, the authors recommend that considerable amount of money should be set aside for full adoption and implementation of IPSAS in Nigeria.
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Chertkova, A. V. "Studying the global use of international public sector accounting standards." Finance and Credit 26, no. 11 (November 27, 2020): 2524–41. http://dx.doi.org/10.24891/fc.26.11.2524.
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Subject. The article analyzes the international application of the International Public Sector Accounting Standards (IPSAS) so as to evaluate and use successful practices of implementing and applying them, and avoid typical errors in settling and harmonizing the Russian accounting practice in accordance with the IPSAS. Objectives. I formulate what mainly distinguishes the international use of the IPSAS. Methods. The study is based on the comparative analysis method. Results. As a result of the study, I discovered some difficulties in implementing and adopting the IPSAS. In theory, the difficulties can be divided in two groups, i.e. technological, organizational and financial. The technological difficulties arise from the use of modern ICT ensuring fast and quality financial reporting under IPSAS. The organizational problem is about finance. Accounting reforms, accounting staff training entails considerable governmental spending. Conclusions and Relevance. Reforming the financial (budgetary) accounting process and financial reporting in Russia, authorities should refer to the international experience in the IPSAS. Doing so, they will be able to streamline the harmonization of financial reporting.
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Otavová, Milena. "Harmonisation efforts in the field of accounting of public sector." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 4 (2011): 195–202. http://dx.doi.org/10.11118/actaun201159040195.
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Increasing requirements for financial reporting of public sector led to a need to create a system that would provide relevant and reliable information for management of accounting entities of public sector and also to increase the quality of accounting and financial statements of public institutions. The International Public Sector Accounting Standards Board (IPSASB) is therefore creating high-quality financial reporting standards for public sector (IPSAS). Paper points out the ongoing reform of accounting in the field of public finances in the Czech Republic, where there are substantial changes in accounting rules and it also introduces new accounting methods. Regarding the fact that accounting of public sector is nowadays accounting system perhaps with the greatest potential of development, paper highlights the differences in financial reporting in accordance with Czech legislation and IPSAS system. It tries to catch the essential differences that arise from the financial legislation, the accounting basis and also from the content of financial statements. The paper also indicates the difference between Czech Accounting Standards for selected accounting entities that maintain accounts in accordance with Decree No. 410/2009 Coll. and International Public Sector Accounting Standards (IPSAS). There is also recommended approach to the creation of national standards with regard to international harmonization.
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Enache, Corina. "Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities." Scientific Bulletin 24, no. 2 (December 1, 2019): 124–30. http://dx.doi.org/10.2478/bsaft-2019-0014.
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Abstract Simultaneously with the globalization of economies, it was necessary the adoption and implementation of international accounting standards for the public sector also. In 1996 a set of accounting standards for public sector entities was developed, namely International Public Sector Accounting Standards (IPSAS). After 31st July 1998, 32 IPSAS standards, mostly inspired by IASs, centered on model and engagement-based accounting, were issued. IPSAS 1 – Presentation of financial statements relating to the place of intangible assets, inventories and personnel expenses in the content and format of the financial statements is applied to all general purpose financial statements realized under accrual accounting. The IPSAS 12 – Inventory objective is to state the stock accounting treatment. The IPSAS 25 objective – Employee benefits is to state the employee benefits from an accounting perspective.
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Jensen, Gwenda. "The IPSASB's recent strategies: opportunities for academics and standard-setters." Journal of Public Budgeting, Accounting & Financial Management 32, no. 3 (July 2, 2020): 315–19. http://dx.doi.org/10.1108/jpbafm-04-2020-0050.
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PurposeThe purpose of this article is to contribute to an ongoing dialogue between practitioners and academics. This article describes the International Public Sector Accounting Standards Board (IPSASB) recent strategies and highlights the IPSASB's increasing outreach to academics.Design/methodology/approachThis is a practitioner's viewpoint which reflects the IPSASB's publicly available documents, and the opinions of a practitioner directly involved in the IPSASB's work and International Public Sector Accounting Standards (IPSAS) development.FindingsThe findings are that the IPSASB has increased its outreach to academics and now academics have more opportunities to engage with the IPSASB and IPSAS developments. The IPSASB's strategy has remained relatively constant over time, focusing on IPSAS to address public sector-specific issues, alignment with the International Financial Reporting Standards (IFRS) and reduction of differences between IPSAS and Government Finance Statistics (GFS) reporting guidelines.Research limitations/implicationsThe limitations of this article (which are also its strength in terms of fitness for purpose) are that as a practitioner's viewpoint it provides a brief overview and personal judgments, rather than an empirical analysis of developments applying a theoretical framework.Practical implicationsThe practical implications were IPSASB's increased outreach to the research community providing opportunities for academics to have increased input into IPSAS development, with likely benefits to researchers and the IPSASB.Social implicationsPractitioners’ engagement with academics supports increased understanding of the respective views leading to better outcomes for practitioners and academics working in the area of public sector financial reporting and its regulation.Originality/valueThis article is the first to (a) describe the IPSASB's increasing outreach to academics during 2019–2020 and (b) compare the IPSASB's strategies for the period of 2019–2023, with its strategies since the beginning of IPSAS developments in 1996–1997.
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De Silva Lokuwaduge, Chitra Sriyani, and Keshara De Silva. "Determinants of public sector accounting reforms." International Journal of Public Sector Management 33, no. 2/3 (January 13, 2020): 191–205. http://dx.doi.org/10.1108/ijpsm-03-2019-0085.
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Purpose The purpose of this paper is to extend the New Public Financial Management concept and the contingency model approach to an analysis of the determinants of the accrual-based International Public Sector Accounting Standards (IPSAS) adoption process as a financial management reform in Sri Lanka, a developing country in Asia. Design/methodology/approach Based on the prior literature, this paper develops a framework to highlight the importance of accrual-based reforms in public sector accounting policies to enable better transparency and accountability. It shows the extent to which Sri Lankan public sector institutions have adopted IPSAS-based accounting standards and the limitations of adopting these standards in a developing country, using documentary analysis. Findings In developing countries, the public sector faces practical problems when adopting reforms due to limited institutional capacity, high political involvement and bureaucracy in decision making. This paper concludes that significant policy changes towards the adoption of international accounting standards have gained momentum over the last decade in Sri Lanka while the much larger economies in Asia are still studying this process. However, the prevailing political uncertainty in Sri Lanka has negatively impacted the implementation process. Originality/value Relatively little is known about the diffusion of, and the difficulties in, implementing accrual-based IPSAS in the Asian region. This paper is an attempt to fill this gap by exploring the Sri Lankan experience. This could be applied by other developing countries in Asia, including the high-growth nations, for policy adoption and accounting harmonisation.
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Neves, Fabrício Ramos, and Mauricio Gómez-Villegas. "Reforma contábil do setor público na América Latina e comunidades epistêmicas: uma abordagem institucional." Revista de Administração Pública 54, no. 1 (January 2020): 11–31. http://dx.doi.org/10.1590/0034-761220180157.
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Abstract Latin American countries have undergone a growing interest in international accounting standards. Several countries are making progress in the adoption of international standards driven by different internal factors as well as external dynamics. The role of experts in the design of public policies associated with international standards has been studied by the epistemic community theory, which is the theoretical framework used in this study to address the influence of different international organizations on the adoption of IPSAS in Brazil and Colombia. This paper discusses the isomorphic institutional pressure exerted over the governments of these two countries in order to meet an international standard considered to be adequate. Meanwhile, the emerging trend towards the adoption of IPSAS in Latin America continues to grow, although some obstacles to achieving the goals defined in the reform arise.
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Sellami, Yosra Mnif, and Yosra Gafsi. "Public management systems, accounting education, and compliance with international public sector accounting standards in sub-Saharan Africa." International Journal of Public Sector Management 33, no. 2/3 (August 6, 2019): 141–64. http://dx.doi.org/10.1108/ijpsm-12-2018-0274.
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Purpose The purpose of this paper is to examine the transparency and completeness of government financial reporting in sub-Saharan African countries by assessing the extent of compliance with IPSAS disclosures and to investigate the impact of the strength of public management systems (SPMS) and accounting education on this level. Design/methodology/approach This research develops a self-constructed disclosure index from content analysis and applies panel regressions for a sample of 60 sub-Saharan African government entities during the period 2014–2017. Findings The study results indicate that IPSAS disclosure levels significantly vary across sub-Saharan African governments. They reveal a positive effect of the SPMS and accounting education on the extent of compliance with IPSAS in this region. Practical implications The study findings are of interest to practitioners, researchers, government policy makers, supervisory authorities and professional bodies. By focusing on the effect of the SPMS and accounting education on IPSAS disclosure level, this paper leaves room for future research to investigate other relevant factors associated with the compliance with these standards whether in sub-Saharan Africa or in other parts of the world. Originality/value This paper gives new insights into the assessment of the quality and transparency of government financial reporting in sub-Saharan Africa by examining the extent of compliance with IPSAS in this region. It is the first to investigate the impact of the SPMS and accounting education on this level.
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Chow, Danny, and Caroline Aggestam Pontoppidan. "The United Nations’ (UN) decision to adopt International Public Sector Accounting Standards (IPSAS)." Journal of Public Budgeting, Accounting & Financial Management 31, no. 2 (June 3, 2019): 285–306. http://dx.doi.org/10.1108/jpbafm-08-2018-0087.
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Purpose The purpose of this paper is to analyse and understand the UN System’s adoption of IPSAS from a legitimacy perspective. Design/methodology/approach A content analysis of publicly accessible documents from the UN System archives was conducted. The analysis was framed through the broader lens of legitimacy theory, drawing attention to the rationalities of decisions taken. Findings This study illustrated how the need for accounting reforms was rationalised throughout the UN System of organisations. Decision-making processes were reflective of political concerns and the accompanying need to continually demonstrate accountability. The discursive strategies observed associated the need to improve accountability with the adoption of globally recognised accounting systems. However, such logic assumed that existing accountability deficits were intrinsically linked to accounting failures, which overemphasises accounting’s role. Social implications The UN System’s decision to adopt IPSAS in 2006 has been followed by a substantial increase in the number of Member States following suit. However, governments and other organisations considering IPSAS adoption should be aware of the historical context in which the UN System’s decision was made. Originality/value This study addresses a lacuna in empirical studies providing an understanding of the role of accounting reforms within international organisations such as the UN System.
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Van Schaik, Frans. "Standaardisering van verslaggeving in de publieke sector." Maandblad Voor Accountancy en Bedrijfseconomie 81, no. 10 (October 1, 2007): 462–68. http://dx.doi.org/10.5117/mab.81.11837.
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Volgens de Algemene Rekenkamer bestaat er een grote verscheidenheid aan verslaggevingsregels binnen de publieke sector: ‘Meer harmonisatie kan winst opleveren voor de kwaliteit van informatie en de doelmatigheid van informatieproductie. Te denken valt aan: Brede toepassing van internationaal steeds meer toegepaste International Public Sector Accounting Standards (IPSAS) van de International Federation of Accountants (IFAC). Eenduidigheid in de verslaggevingseisen voor de gehele overheid bevordert de aansluiting binnen verschillende verantwoordingsketens, zoals bijvoorbeeld die tussen ministeries en gemeenten (specifi eke uitkeringen).’ (Algemene Rekenkamer, 2007). Als bijdrage aan een discussie over dit antwoord op kamervragen, zal ik in dit artikel de verslaggevingsstandaarden beschrijven die gemeenten nu hanteren en de verschillen die er bestaan met IPSAS, de International Public Sector Accounting Standards.
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Neves, Fabrício Ramos, and Mauricio Gómez-Villegas. "Public sector accounting reform in Latin America and Epistemic Communities: an institutional approach." Revista de Administração Pública 54, no. 1 (January 2020): 11–31. http://dx.doi.org/10.1590/0034-761220180157x.
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Abstract Latin American countries have undergone a growing interest in international accounting standards. Several countries are making progress in the adoption of international standards driven by different internal factors as well as external dynamics. The role of experts in the design of public policies associated with international standards has been studied by the epistemic community theory, which is the theoretical framework used in this study to address the influence of different international organizations on the adoption of IPSAS in Brazil and Colombia. This paper discusses the isomorphic institutional pressure exerted over the governments of these two countries in order to meet an international standard considered to be adequate. Meanwhile, the emerging trend towards the adoption of IPSAS in Latin America continues to grow, although some obstacles to achieving the goals defined in the reform arise.
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Mnif, Yosra, and Yosra Gafsi. "A contingency theory perspective on the analysis of central government accounting disclosure under International Public Sector Accounting Standards (IPSAS)." Meditari Accountancy Research 28, no. 6 (May 16, 2020): 1089–117. http://dx.doi.org/10.1108/medar-04-2019-0480.
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Purpose The purpose of this paper is to assess the extent of central government financial information disclosed in accordance with accrual-based International Public Sector Accounting Standards (IPSAS) and to investigate the environmental factors affecting this level, drawing on the contingency theory framework. Design/methodology/approach This study uses a self-constructed checklist of 116 items to measure the IPSAS disclosure level by 100 public sector entities from different countries across the globe during the period 2015–2017. Panel regressions have been used. Findings The results show significant differences in compliance levels with IPSAS disclosures across nations. They reveal a positive influence of the degree of government openness (political culture), quality of public administration and management and prior experience with International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) in the public sector on this level, whereas government financial condition is a nonsignificant factor. Practical implications The research findings are potentially relevant to academics, researchers, practitioners, standard-setters and government policymakers. By examining the influencing factors of IPSAS disclosure level, this paper paves the way for further investigation of this topic with a more extensive set of micro and macroeconomic variables whether at the central or local government level in other jurisdictions Originality/value This study provides new insights into the assessment of the transparency and completeness of government accrual-based financial statements. Based on the contingency theory, this paper is the first to empirically investigate the factors affecting the level of disclosure under accrual-based IPSAS by central government entities in a cross-country analysis.
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Kulikova, L. I., and I. I. Yakhin. "First-time adoption of International Public Sector Accounting Standards by Russian universities: Practical aspects." International Accounting 23, no. 4 (April 15, 2020): 364–83. http://dx.doi.org/10.24891/ia.23.4.364.
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Subject. This article examines the practice of first-time applying the International Public Sector Accounting Standards (IPSAS) by Russian higher education institutions. Objectives. The article aims to identify and address the problems associated with such application, and conduct a critical analysis of Russian universities' compliance with the requirements of the International Standards on their first-time adoption. Methods. For the study, we used observation, systematization, and a comparative analysis. Results. The article examines and describes the practical experience of the first-time use of IPSAS in the preparation of reporting by Russian educational institutions participating in the Russian Academic Excellence Project (5Top100 Project). It presents the results of the most typical reclassification adjustments of reporting items made by the universities when preparing their inductive statements of financial position as of the date of transition to IPSAS. Conclusions and Relevance. Most of the universities studied complied with the requirements of the IPSAS first-time adoption and provided comparative information in their first IPSAS financial reporting. The importance of the study is to justify the provision that financial reporting in accordance with IPSAS is appropriate to improve the international competitiveness of universities, which makes it possible to better reflect financial information on the activities of universities. The results of the study can be used in the practical activities of the Russian economy public sector organizations, and in the educational process of higher education institutions.
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Brusca, Isabel, Vicente Montesinos, and Danny S. L. Chow. "Legitimating International Public Sector Accounting Standards (IPSAS): the case of Spain." Public Money & Management 33, no. 6 (November 2013): 437–44. http://dx.doi.org/10.1080/09540962.2013.836006.
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Kazaryan, Ruben. "On certain development aspects of an ipsas-based system-target approach to evaluation of net asset sustainability level projects in high-rise construction." E3S Web of Conferences 33 (2018): 02071. http://dx.doi.org/10.1051/e3sconf/20183302071.
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Problems of accounting and reporting of net assets and the procedure of their formation taking into account the specifics of the economic and legal status of property of a non-commercial autonomous institution are some of the most controversial in the accounting for entities of the public sector. The study focuses on justification of accounting rules for net assets of public sector entities. The methods used in the study are as follows: comparison, synthesis, analysis, logical approach, and system approach. The article examines legal aspects and specifics of recognition of assets of public sector entities in accordance with IPSAS standards (International Public Sector Accounting Standards are a set of accounting standards issued by IPSASB (Council for International Financial Reporting Standards for Public Sector Organizations) used by state-owned enterprises worldwide in preparation of financial statements as of the 31st of August, 2015. The most crucial factor in the modeling of key performance indicators of the system-target approach to estimation of the sustainability level of net assets on the basis of IPSAS is a multicriterial evaluation of the basic management strategy for quality system elements used in operational and strategic planning projects operations in high-rise construction. We offer an alternative evaluation of assets due to be returned to the right holder (the state controller) in the event of liquidation of a public sector entity.
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Opanyi, Robert O. "The Effect of Adoption of International Public Sector Accounting Standards on Quality of Financial Reports in Public Sector in Kenya." European Scientific Journal, ESJ 12, no. 28 (October 31, 2016): 161. http://dx.doi.org/10.19044/esj.2016.v12n28p161.
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Quality financial reports plays significant role in accountability of government to their citizens and how it meets its financial management responsibilities. The introduction of IPSAS formed an important part of public sector reforms and followed a global trend in government accounting in response to calls for greater government financial accountability and transparency which is a fundamental principles of democracy. This study focused on effect of adoption of IPSAS on quality of financial reports in meeting the criteria for decision usefulness. The design of this study was the descriptive survey design while the target population was the 19 ministries of the national government in Kenya. Data was collected using secondary means and was analysed using descriptive statistics and t-test for differences. The study indicated enhancement in the quality of characteristics of comparability, relevance, timeliness and faithful representation by adoption of IPSAS while the quality of characteristics of understandability declined. The study also showed no significant difference in items pertaining to transparency and accountability indicating that the goal for government reforms in achieving greater transparency and accountability may not be fully achieved. The study also revealed that adoption of IPSAS is adjudged to have moderate effect on quality of financial reports in public sector in Kenya using a 5 point likert scale. The study concluded that there exist statistically significant difference between old accounting standard-based financial reports and IPSAS-based financial reports in meeting the criteria for decision usefulness as revealed by paired-sample t-test.
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Adam, Berit. "Comparison of the perception of overt and covert options in IPSAS financial statements by intergovernmental organizations." Tékhne 16, no. 1 (November 17, 2018): 28–39. http://dx.doi.org/10.2478/tekhne-2019-0003.
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AbstractSince 2012, the European Commission has embarked on the ambitious project to harmonize public sector accounting rules on all levels of government within Europe, mainly to improve the quality as well as the comparability of financial data. Although International Public Sector Accounting Standards were deemed not to be suitable for a simple take-over because of various reasons, they nevertheless shall function as a primary reference point for developing European Public Sector Accounting Standards. A total of 21 out of 28 central governments have already reformed their accounting standards to accrual accounting, and some of them have also relied on IPSAS in this exercise. Apart from governments, various international and supranational governmental organizations have also since the end of the 2000’s been reforming their accounting system to accrual accounting, and have in the same way relied on existing IPSAS. This paper explores accounting practices found in ten intergovernmental organizations (Commonwealth Secretariat, Council of Europe, European Commission, IAEA, INTERPOL, ITER, NAPMA, OECD, International Criminal Court, WFP) whose statements are prepared in compliance with IPSAS. It analyzes how overt and covert options contained in IPSAS with relevance to the activities of intergovernmental organizations are exercised and evaluates in which areas of accounting material differences in accounting practices can be found, which may hinder the comparability of financial statements prepared on the basis of IPSAS.
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Muraina, Saheed Adekunle, and Kabiru Isa Dandago. "Effects of implementation of International Public Sector Accounting Standards on Nigeria’s financial reporting quality." International Journal of Public Sector Management 33, no. 2/3 (January 20, 2020): 323–38. http://dx.doi.org/10.1108/ijpsm-12-2018-0277.
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Purpose The purpose of this paper is to examine the effects of the implementation of the International Public Sector Accounting Standards (IPSAS) on Nigeria’s financial reporting quality. Design/methodology/approach The study employed a survey research design to determine the effects of the implementation of the IPSAS on Nigeria’s financial reporting quality. Partial Least Square 3(SmartPLS 3) technique of analysis was applied to achieve the research objective. Findings The study found that accountability positively and significantly affects the quality of financial reporting in Nigeria. Specifically, IPSAS has improved the level of accountability, which in turn improved Nigeria’s financial reporting quality. Research limitations The study only explored two explanatory variables whereas other variables such as transparency, corruption minimization, comparability and faithful representation were not considered in this study. It is, therefore, recommended that further studies could expand the scope to cover some other variables not included in this paper. Practical implications IPSAS-Accrual has engendered the Nigerian Government to launch the Asset Tracking and Management Project (ATMProject) in order to easily track its assets for the purpose of accountability. Thus, accountability was discovered in this study to be the most essential factor to enhance the quality of financial reporting using accrual-based IPSAS in Nigeria. Social implications Accountability will impact positively on the lives of Nigerians in relation to the application of public funds to impact on the lives of the masses. Originality/value The statistical significance of accountability found in this study, using partial least square technique of data analysis, will further enhance financial integrity in the country.
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Rajib, Salah Uddin, Pawan Adhikari, Mahfuzul Hoque, and Mahmuda Akter. "Institutionalisation of the Cash Basis International Public Sector Accounting Standard in the Central Government of Bangladesh." Journal of Accounting in Emerging Economies 9, no. 1 (February 4, 2019): 28–50. http://dx.doi.org/10.1108/jaee-10-2017-0096.
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Purpose The purpose of this paper is to examine public sector accounting reforms, mainly the adoption and implementation of the Cash Basis International Public Sector Accounting Standard (IPSAS) in the Central Government of Bangladesh. Design/methodology/approach Drawing on the ideas of new institutionalism, the paper investigates the factors which have forced the country to accept the Cash Basis IPSAS but have delayed its implementation in practice. Findings Different approaches towards the Cash Basis IPSAS are now distinct in the Central Government of Bangladesh. Differences between Bangladesh and other emerging economies have been narrowed as the potency of institutional pressures has increased, and there is a risk, as experienced in other emerging economies, that the very adoption of the Cash Basis IPSAS may remain more a rhetoric than a reality in Bangladesh. The paper demonstrates that the extent to which professional accountants and their associations participate in reforms determines the public sector accounting reform trajectories in emerging economies. Practical implications The paper demonstrates that reforms driven by indigenous administrators can have the potential of becoming more instrumental in emerging economies than the externally propagated reforms, such as IPSASs and accrual accounting. What is important is to advance incrementally those public sector accounting reforms that local administrators have identified as important, that they could cope with their existing knowledge and capacity, and that they are interested in engaging with the reform process. Originality/value First, the study has contributed to extending neo-institutional theory by bringing out the responses of different stakeholders responsible for implementing public sector accounting reforms, mainly the Cash Basis IPSAS, in practice. Next, the paper has raised a question as to whether the Cash Basis IPSAS could be an appropriate reform measure for the central government of Bangladesh.
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Soguel, Nils, and Naomi Luta. "On the road towards IPSAS with a maturity model: a Swiss case study." International Journal of Public Sector Management 34, no. 4 (January 18, 2021): 425–40. http://dx.doi.org/10.1108/ijpsm-09-2020-0235.
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PurposeThe International Public Sector Accounting Standards (IPSAS) have driven the modernisation of public systems of financial information. The extent and pace of their implementation remain uneven. The goal of this study was to measure whether and how much governmental accounting standards converge towards IPSAS' true and fair approach.Design/methodology/approachThe empirical context of the 26 Swiss cantons was used to apply a simplified maturity model. Under two successive reforms (maturity stages), each canton's accounting standards was assessed and scored. The derived maturity levels indicate how close—or far—each canton has stood from a state of full IPSAS compliance (full maturity), at each stage of the process.FindingsAs Swiss cantons have a certain degree of autonomy in setting their own accounting standards, the evolving paths they followed when implementing IPSAS were heterogeneous. The maturity level attained by each canton within each stage thus varies. However, the results show that the two successive reforms had an overall favourable impact on Swiss cantonal accounting standards compliance with IPSAS, and fairly improved the faithfulness of reported financial information.Originality/valueThis research contributes to the international literature on public accounting standards and provides new insights for the assessment of convergence with IPSAS.
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Hamed-Sidhom, Mounira, and Nadia Loukil. "The relationship between IPSAS adoption and perceived levels of corruption: Does political stability matter?" Corporate Ownership and Control 19, no. 1 (2021): 17–28. http://dx.doi.org/10.22495/cocv19i1art2.
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The paper aims to examine the relationship between International Public Sector Accounting Standards (IPSAS) adoption and the perceived level of corruption in developing countries. It also attempts to inspect the mediating effect of political stability on this relationship. We follow the methodology used by the International Federation of Accountants (IFAC) to assess country adoption status and we apply a panel regression analysis to 57 developing countries over the 2016–2019 period. Our findings suggest that country’s decision to adopt IPSAS cannot shortly lead to a reduction of its corruption perceived level. In addition, we make evidence that the level of corruption does not matter on the relationship between the IPSAS adoption and the corruption perceived level. We find also that political stability, while decreases corruption, doesn’t contribute to enhance the effect of IPSAS adoption on the perceived corruption level. This paper provides insights into the role of IPSAS adoption to countries’ corruption levels. It will be of interest to accounting standard-setters, regulators, and policymakers in countries that are transitioning to or considering International Public Sector Accounting Standards. It will also be of interest to regulators and policymakers, multilateral institutions in their effort to fight corruption
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DRUZHILOVSKAYA, Tat'yana Yu. "Measurement of public sector financial instruments in Russian and international standards systems." International Accounting 22, no. 7 (July 15, 2021): 740–60. http://dx.doi.org/10.24891/ia.24.7.740.
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Subject. This article discusses the regulations regarding the assessment of financial instruments of public sector organizations in the systems of Russian and international standards. Objectives. The article aims to investigate the degree of convergence of regulations regarding the assessment of financial instruments in the Russian standards for public sector organizations with the rules of international standards. Methods. For the study, I used the methods of critical analysis, synthesis, comparison, observation, and the analogy method. Results. Based on a comparison of the regulations regarding the initial and subsequent assessment of various types of financial assets and financial liabilities in the Russian FSBU Standard Financial Instruments and IPSAS 29 Financial Instruments: Recognition and Measurement, the article identifies situations where the assessments of financial instruments of public sector organizations, conducted according to Russian and international standards, coincide or have differences. Conclusions and Relevance. It is advisable to further converge approaches to the assessment of financial instruments in Russian standards for public sector organizations and the IPSAS regulations. The results obtained have both applied and theoretical applications in the field of financial accounting.
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Biondi, Yuri. "Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives." Accounting, Economics, and Law: A Convivium 7, no. 2 (October 26, 2017): 117–23. http://dx.doi.org/10.1515/ael-2017-0014.
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Abstract An important reform project is ongoing concerning harmonising Europe’s public sector accounting standards (EPSAS). The European Commission appears willing to mimic and take the international private sector accounting as frame of reference, following the same pattern of implementation for international public sector accounting standards (IPSAS) that was enacted for the IAS-IFRS. But the Member States did react in a different way, this time, showing alert, raising questions, and providing resistance in some cases. Public sector accounting shall be considered in the specific context provided by public finances in general, and by a monetary union in particular. This paper takes perspective on these specificities while raising issues (i) on the EPSAS-making governance; (ii) relationship between cash-basis and accrual-basis of accounting; (iii) accounting for governmental liabilities by Member States; and (iv) evidence of net assets under accruals-basis.
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Bisogno, Marco, and Beatriz Cuadrado-Ballesteros. "Public sector financial management and democracy quality: The role of the accounting systems." Revista de Contabilidad 23, no. 2 (July 1, 2020): 238–48. http://dx.doi.org/10.6018/rcsar.369631.
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Los cambios en los marcos contables, como la adopción de sistemas contables basados en el devengo (accrual accounting) o la implementación de las Normas Internacionales de Contabilidad del Sector Público (International Public Sector Financial Accounting Standards, IPSAS), se consideran importantes reformas de la gestión financiera del sector público. Estudios anteriores han investigado en gran medida los efectos de estas reformas sobre la transparencia y la rendición de cuentas, teniendo en cuenta también el nivel de participación de los ciudadanos del sector público. Este estudio tiene como objetivo examinar los efectos de estas prácticas de gestión financiera sobre la calidad de la democracia. Concretamente, se centra en estudiar el papel de los sistemas de contabilidad a nivel internacional y ofrece un análisis comparativo de la adopción de las IPSAS y del sistema basado en los accruals. Utilizando una muestra de 33 países de la OCDE entre los años 2010 y 2014, los resultados sugieren que el uso de un sistema contable basado en los accruals no ha sido suficiente para mejorar la calidad de democracia; sin embargo, los hallazgos indican que la implementación de las IPSAS sí consigue mejorar la calidad de la democracia, principalmente debido a los principios de igualdad y control. Changes in accounting frameworks, such as those based on the adoption of accrual-accounting systems or the implementation of International Public Sector Accounting Standards (IPSAS), are considered to be an important feature of public-sector financial management practices and reforms. Previous studies have largely investigated the effects of these reforms on transparency and accountability, also taking into account the dimension of the participation of citizens. This study aims to examine the effects of public-sector financial management practices regarding the quality of democracy. It focuses on the role of the accounting systems in use, offering an international view and comparative analysis of IPSAS and accrual-basis system adoption. By using a sample of 33 OECD countries between 2010 and 2014, the findings which emerge from the analysis suggest that accrual-basis accounting has proven not to be sufficient for a good democracy quality; however, they indicate that IPSAS implementation improves the democracy quality, mainly due to equality and control principles.
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Souza, Fernando Gentil de, Débora de Oliveira Barros, Laura Margarita Medina Celis, and Jamille Carla Oliveira Araújo. "Higher education in the IPSAS implementation process: A comparative study between Brazil and Mexico." Research, Society and Development 10, no. 9 (July 24, 2021): e19510918059. http://dx.doi.org/10.33448/rsd-v10i9.18059.
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The Brazil and Mexico started their International Public Sector Accounting Standards (IPSAS) IPSAS adoption strategies in 2008 and consider the importance of the accountant role in this process and the existence of specific undergraduate Accounting programmes in the two countries. This study aims to compare the offer of courses about public sector accounting in public institutions of higher education in these countries during year 2018 & 2019, under Institutional Theory perspective. The methodology of this article consists of a documentary analysis of the curricula in force of website of the Public Institutions of Higher Education (PIHE) of each federative entity of Brazil and Mexico. The results show great diversity in the offer of disciplines among the 76 Brazilian and in the 39 Mexican institutions, with an average of only 3 and 1,3 courses by each country respectively. In Brazil, every institution has at least one mandatory Public Sector Accounting discipline, whilst only 28 Mexican institutions offer as obligatory. If institutional legitimacy consider education in Mexican and Brazilian IPSAS adoption strategies, the diffusion of IPSAS accrual accounting information will account for a huge network of more than 1000 of people involved. Furthermore, it highlights the weakness of the public sector approach to develop professional skills (normative isomorphism) in line with emerging trends in Public Sector Accounting for transparency. This article contributes to show what has been considered from the perspective of higher education of future public sector accounting professionals aligned with the IPSAS adoption strategies that involve Brazil and Mexico.
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Adam, Berit, Isabel Brusca, Eugenio Caperchione, Jens Heiling, Susana Margarida F. Jorge, and Francesca Manes Rossi. "Are higher education institutions in Europe preparing students for IPSAS?" International Journal of Public Sector Management 33, no. 2/3 (July 24, 2019): 363–78. http://dx.doi.org/10.1108/ijpsm-12-2018-0270.
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Purpose The purpose of this paper is to analyze whether higher education institutions (HEIs) in EU Member States are aware of the relevance of the ongoing reforms in public sector accounting (PSA) and the need to prepare their students to become expert professionals in that area. It particularly assesses whether these organizations currently provide, or will provide in the near future, education on International Public Sector Accounting Standard (IPSAS)/EPSAS, so that a sufficient number of graduates will be ready to match the foreseeable demand for experts in IPSAS/EPSAS. Design/methodology/approach Adopting a purposive sample, the paper compares the situation in four EU countries (Germany, Italy, Portugal and Spain). Data have been obtained through a questionnaire provided to selected professors in relevant HEIs in the selected countries. Findings HEIs are giving only limited room to PSA and financial management, with differences in terms of program offerings and coverage of topics among the four countries. Furthermore, in most cases, the programs are adapted to the national budgetary and accounting standards and courses are seldom focused on the IPSASs. Originality/value The paper contributes to the literature on PSA harmonization, through an innovative analysis of PSA and financial management teaching, both at national and international levels.
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Izzo, Teresa, Francesco Paolone, and Matteo Pozzoli. "The future for the replacement cost in the International Public Sector Accounting Standards." Risk Governance and Control: Financial Markets and Institutions 11, no. 3 (2021): 8–15. http://dx.doi.org/10.22495/rgcv11i3p1.
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The purpose of this paper is to review academic literature and professional practice guidance in relation to the replacement cost (RC) method of valuation in public sector financial accounting. The replacement cost is regarded as being the most appropriate basis for the determination of fair value when the fair value of the asset could not be reliably determined using market-based evidence (Wyatt, 2009). However, several problems persist in RC definition and application, underlining the lack of a uniform approach in the current valuation standards. The paper explores the current adoption of RC by performing a content analysis of the latest financial statements published by International Public Sector Accounting Standards (IPSAS) adopter jurisdictions across the globe. The analysis highlights interesting patterns in the use of RC and provides an empirical base for further investigations. Additionally, the research offers useful insights to stimulate professional and academic debate on the replacement cost method, particularly in view of amendments proposed by the recently published Exposure Draft.
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Cîrstea, Andreea, Cristina Silvia Nistor, and Adriana Tiron Tudor. "Consolidated financial statements – a new challenge for the public sector administration." Journal of Economic and Administrative Sciences 33, no. 1 (May 15, 2017): 46–65. http://dx.doi.org/10.1108/jeas-04-2016-0012.
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Purpose Considering the worldwide importance granted to this topic, the purpose of this paper is to analyze, through a detailed pyramidal analysis, the intention of International Public Sector Accounting Standards (IPSAS) to respond better to the public sector characteristics. Design/methodology/approach The research methodology combines content analysis with the comparative and interpretive method, and also some statistical methods such as residual analysis, association coefficients, that come to bring added value to the public sector literature. Findings The main findings of the research concern the appreciation of consolidation approach in the public sphere under a dual aspect. The first one is theoretical, by presenting the evolution of the concept in literature, and the second one is empirical, by analyzing how IPSAS correlates with International Financial Reporting Standards (IFRS), how the Exposure Draft 49 (ED 49) respondents perceive its content and implications, along with the extent to which the publication of IPSAS 35 took into account the exposure draft stage. In the authors’ opinion, the study manages to capture, theoretically and empirically, the evolution and the stage of consolidation in the public sector. The main results of the study lie in the combination in the empirical sphere of the content analysis with the mathematical and statistical methods, in order to assess the correlation IPSAS/IFRS, the responses to ED 49, but also the influences on the final version of IPSAS 35. Research limitations/implications The main limitations of the study are: the diversity of the received responses to ED and the number of comment letters submitted by the respondents. Practical implications The study addresses to a broad range of users: theoreticians, practitioners or professional bodies/legislators who will have a basis for analyzing what the acceptance and inclusion of IPSAS 35 in the national accounting rules would mean. Social implications The paper offers the possibility to understand the evolution of the concept of public sector consolidation. Originality/value The first originality aspect is revealed by the theoretical documentation and the second one lies in the combination of the empirical sphere of the content analysis with the mathematical and statistical methods.
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Savina, N., N. Pozniakovska, and O. Miklukha. "CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING: INTEGRATED POLICY." Financial and credit activity: problems of theory and practice 1, no. 36 (February 17, 2021): 76–83. http://dx.doi.org/10.18371/fcaptp.v1i36.227624.
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The project of the International Accounting Standards Board that updates and develops international accounting standards (IASB) has been lasting more than twenty years. In Ukraine, International accounting standards were adopted as the national standards for business and public sectors.
The article analyzes the Conceptual Framework for Financial Reporting for the business sector entities, compares it with the Conceptual Framework for financial reporting for the public sector entities, and the current requirements of the Ukrainian legislation in the field of accounting and financial reporting. The necessity of creating a single Conceptual Framework for financial reporting, based the needs of information users, is substantiated.
The relevant International Standards for the business sector entities became fundamental for the development of International Public Sector Accounting Standards. The similar needs of financial reports users support this approach. At the same time, part of the IPSAS, and the Conceptual Framework take into account the functional peculiarities of the entities in this sector of the economy.
Financial reporting concepts for entities in any sector of the economy determine the aim of financial reporting as that to acquire information concerning the entity. Investors, creditors, other lenders are prior users of financial information in the business sector while society as a whole uses information in the public sector. The Conceptual Framework for the public sector takes into account the peculiarity of this sector of the economy, the main purpose of which is to provide services to society, rather than generating profits and ensuring the return on capital of investors.
The common features of financial reporting standards and their Conceptual Framework, taking into account current trends and global challenges, indicate the possibility and feasibility of creating a unified (integrated) Conceptual Framework for Financial Reporting.
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Agasisti, Tommaso, Giuseppe Catalano, Ferdinando Di Carlo, and Angelo Erbacci. "Accrual accounting in Italian universities: a technical perspective." International Journal of Public Sector Management 28, no. 6 (August 10, 2015): 494–508. http://dx.doi.org/10.1108/ijpsm-02-2015-0026.
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Purpose – The purpose of this paper is to examine the impact of full accrual accounting on the Italian public universities and, in this context, how some technical-accounting problems typical of public sector (recognition and valuation issues) have been addressed. An additional purpose investigated in this paper is the role of International Public Sector Accounting Standards (IPSASs) in helping to overcome these technical-accounting issues, for the case under examination. Design/methodology/approach – The paper involves studying whether, and to what degree, some of the accounting choices made by the universities complied with the principles of full accrual accounting for several specific accounting registrations characterised by the presence of recognition and valuation issues. During this investigation, the paper also analyses whether the universities followed the accounting rules set out by the IPSAS Board. Findings – The findings highlight that, in general, there is a low degree of compliance with full accrual accounting principles and they also revealed that IPSASs do not provide any detailed guidelines that can help universities in overcoming the recognition and valuation problems typical of the public sector. Originality/value – The analysis presented in the paper confirms the findings of previous literature identifying a low level of compliance to full accrual accounting principles. This research shed light also on the longstanding debate about the role of IPSASs in promoting full accrual accounting in the public sector, revealing the scarce contribution of IPSASs to this process.
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Druzhilovskaya, T. U., and E. S. Druzhilovskaya. "Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards." Accounting. Analysis. Auditing 5, no. 3 (August 10, 2018): 62–71. http://dx.doi.org/10.26794/2408-9303-2018-5-3-62-71.
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The purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research methodology includes the critical analysis of regulating modern investment property accounting in Russian and international financial reporting standards. This article uses such methods as analysis and synthesis, comparison, method of analogies, method of groupings, systems approach and logical approach. The study reveals discrepancies in the conceptual apparatus connected to investment property accounting; in various Russian regulatory documents; in interpretation of the notion of investment property in Russian GAAP and IFRS along with the differences in the investment property valuation methodology in Russian and international fi reporting standards.This article investigated the regulation of all Russian and International financial reporting standards subsystems. Russian accounting standards subsystems are the regulatory documents of organizations belonging to public and private sectors. The latter includes the normative documents of financial and nonfinancial organizations. When analyzing the regulatory documents on accounting in financial organizations the documents of credit and non-credit institutions were considered separately. As international standards subsystems were considered International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards for private sector. The authors give the critical analysis of the validity of the investment property accounting regulations in Russian and international financial reporting standards. The authors substantiate the prospects of the further convergence of the investment property accounting rules in Russian and international financial reporting standards.
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Yakhin, I. I. "Preparing information on the financial situation by Russian educational organizations of higher education, according to International Public Sector Accounting Standards." International Accounting 23, no. 10 (October 15, 2020): 1099–120. http://dx.doi.org/10.24891/ia.23.10.1099.
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Subject. This article analyzes the practice of forming and disclosing information in Statements of Financial Position of Russian higher education institutions, compiled according to the requirements of International Public Sector Accounting Standards (IPSAS). Objectives. The article aims to investigate the structure and content of reporting on the financial position of Russian educational organizations, conduct a critical analysis of compliance with IPSAS Presentation of Financial Statements requirements, and identify and address the problems of information presentation and disclosure in the statements. Methods. For the study, I used observation, systematization, and a comparative analysis. Results. The article examines and describes the practical experience of the use of IPSAS in the preparation of reporting by Russian educational institutions participating in the Russian Academic Excellence Project (5Top100 Project), and presents certain results of the study of the Statement-of-Financial-Position structure and content. As well, the article presents an original single Statement format. Conclusions and Relevance. To ensure the comparability of the reporting data of various Russian higher education organizations, it is necessary to adhere to the uniform structure and content of the Statement of Financial Position. The results of the study can be used in the practical activities of the Russian economy public sector organizations, and the educational process of higher education institutions.
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Marsigalia, Bruno, and Renato Giovannini. "Sector neutrality: A possible improvement of the accounting standards. Evidence from NZ model." Corporate Ownership and Control 16, no. 2 (2019): 73–82. http://dx.doi.org/10.22495/cocv16i2art8.
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In May and June 2018, the Italian financial crisis (public debt) got back to the news when the new political government was going to be formed. Part of the literature claims that the public sector needed to be more "business-like" and that in order to do so, the adoption of "better", in this case "accrual", accounting was crucial. New Zealand is the pioneer country for accrual-based government accounting. More than ten years ago, when the adoption of IFRS was mandatory, New Zealand standard setters preserved sector neutrality in the financial reporting standards. Thanks to a systematic literature review, the paper investigates the evidence of NZ accounting sector neutrality model, with the purpose to assess if importing NZ public sector accounting model would be efficient for allowing a higher level of transparency in other countries such as Italy. The methodology is to define the economic literature relevant to the topic, considering the year of publication and the citation rate. Recently, standard setters in NZ decided to adopt a sector specific standard setting approach with multiple tiers for each sector. The for-profit sector will continue to follow IFRS but reporting standards for the public sector will be based on International Public Sector Accounting Standards (IPSAS). Amongst the former contributes, no systematic research overview on public sector accounting has been created based on the NZ model. This article fills this void by providing a systematic literature review of 258 publications that examines five key aspects of the literature on the benchmark accounting model.
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Reichard, Christoph. "Adam, Berit (Hrsg.): Praxishandbuch IPSAS. Anwendungsorientierte Kommentie- rung der International Public Sector Accounting Standards (IPSAS), Berlin, Erich Schmidt Verlag 2016, 602 Seiten." Zeitschrift für öffentliche und gemeinwirtschaftliche Unternehmen 40, no. 2-3 (2017): 222–23. http://dx.doi.org/10.5771/0344-9777-2017-2-3-222.
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Caba Pérez, Carmen, and Antonio Manuel López-Hernández. "Governmental financial transparency in MERCOSUR member countries." International Review of Administrative Sciences 75, no. 1 (March 2009): 169–81. http://dx.doi.org/10.1177/0020852308099511.
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In the last century, the MERCOSUR member countries have carried out reforms aimed at achieving better public financial information for governmental decision-taking. Important changes are currently taking place on the international public accounting scene, and the International Federation of Accountants (IFAC) has published International Public Sector Accounting Standards (IPSAS), by which it seeks to ensure that governmental financial reports include financial information of sufficient quality to support decision-making by different users, and at the same time to improve the comparability of the financial information presented by public sector bodies throughout the world. In this article, we examine the consistency of the information included by MERCOSUR member countries in their current year-end governmental public financial reports with the public financial reporting practices recommended by IFAC, in order to determine whether further efforts are needed to improve transparency and comparability. Points for practitioners The article may help government practitioners in MERCOSUR countries to become aware of the divergences which exist regarding the governmental financial information offered by each of the countries in MERCOSUR. Moreover, it could help to set up a common project of account reform which would take IPSAS as its model. This unified framework for accounting policies would increase the coherence of financial information and would establish a common measurement basis to assess the financial results of all of the MERCOSUR countries.
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Satrio, Aditya Agung, and Nanda Ayu Wijayanti. "HUBUNGAN PENERAPAN AKUNTANSI BERBASIS AKRUAL DAN KINERJA PEMERINTAH DI INDONESIA." Journal Publicuho 3, no. 4 (January 11, 2021): 567. http://dx.doi.org/10.35817/jpu.v3i4.15630.
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This paper studies the links between the application of accrual-based accounting and government performance. This study aims to examine the relationship between accrual accounting and government performance improvement. This study uses a quantitative approach with panel data ordered logistic regression. This study is based on 216 observation from Ministries in Indonesia from 2014 until 2016. This research contributes by providing empirical evidence with an understanding of the relationship between accrual-based accounting and performance in the Indonesian Government that has never been done before. The results of this study prove that the implementation of accrual-based accounting is proven to improve government performance. The Indonesian government adapted government accounting standards from the International Public Sector Accounting Standards (IPSAS) published by the International Federation of Accountants (IFAC). The Indonesian government has substantially adopted these standards and not just a symbolic approach to get legitimacy in international.
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Satrio, Aditya Agung, and Nanda Ayu Wijayanti. "HUBUNGAN PENERAPAN AKUNTANSI BERBASIS AKRUAL DAN KINERJA PEMERINTAH DI INDONESIA." Journal Publicuho 3, no. 4 (January 11, 2021): 567. http://dx.doi.org/10.35817/jpu.v3i4.15630.
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This paper studies the links between the application of accrual-based accounting and government performance. This study aims to examine the relationship between accrual accounting and government performance improvement. This study uses a quantitative approach with panel data ordered logistic regression. This study is based on 216 observation from Ministries in Indonesia from 2014 until 2016. This research contributes by providing empirical evidence with an understanding of the relationship between accrual-based accounting and performance in the Indonesian Government that has never been done before. The results of this study prove that the implementation of accrual-based accounting is proven to improve government performance. The Indonesian government adapted government accounting standards from the International Public Sector Accounting Standards (IPSAS) published by the International Federation of Accountants (IFAC). The Indonesian government has substantially adopted these standards and not just a symbolic approach to get legitimacy in international.
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van Schaik, Frans. "Financiële verslaggeving door het Rijk vergeleken met IPSAS." Maandblad Voor Accountancy en Bedrijfseconomie 88, no. 11 (October 31, 2014): 440–49. http://dx.doi.org/10.5117/mab.88.31190.
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De Europese Commissie bereidt plannen voor om de financiële verslaggeving door de overheden van de lidstaten te harmoniseren met als doel een verbetering van transparantie en vergelijkbaarheid. De Europese schuldencrisis heeft duidelijk gemaakt dat de jaarrekeningen van de overheden van de lidstaten van de Europese Unie een beperkt inzicht bieden in hun financiële positie. De Commissie stelt voor IPSAS, de International Public Sector Accounting Standards, of een Europese variant daarvan verplicht te stellen voor centrale en lokale overheden. Als bijdrage aan een discussie over deze nieuwe ontwikkeling beschrijf ik in dit artikel de verslaggevingsstandaarden die het Rijk in Nederland nu hanteert en analyseer ik de verschillen met IPSAS.
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de Azevedo, Ricardo Rocha, André Feliciano Lino, André Carlos Busanelli de Aquino, and Túlio César Pereira Machado-Martins. "Financial Management Information Systems and accounting policies retention in Brazil." International Journal of Public Sector Management 33, no. 2/3 (March 19, 2020): 207–27. http://dx.doi.org/10.1108/ijpsm-01-2019-0027.
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PurposeThe successful implementation of International Public Sector Accounting Standards (IPSAS) depends on the adoption and subsequent maintenance of accrual accounting policies. Moreover, Financial Management Information Systems (FMIS) are important drivers of reforms, and their replacement might disrupt the execution of accrual accounting policies. This paper aims to analyze the effects of FMIS replacement (or maintenance) on the retention of accrual accounting policies in Brazilian local governments.Design/methodology/approachThe research adopts a sequential mixed-methods approach, starting with a quantitative analysis of the presence of accrual accounting policies in local governments and the effects of FMIS replacement. Next, a qualitative analysis is conducted with a survey, documents and interviews to observe the FMIS replacement process. Our analysis focuses on local governments from one state in Brazil, but the context is highly transferable to other states, as the same procurement law and accounting regulations apply.FindingsFMIS replacement may reduce accounting policies retention; consequently, public procurement regulation may induce a public procurement context in which the IPSAS project would find more difficulties to prosper.Research limitations/implicationsThis research contributes to the IPSAS literature by examining the phenomenon of accounting policies retention or persistence, as one should not take it for granted that an adopted accounting procedure will be sustained over time. The analysis argues that FMIS replacement due to compulsory rebidding should be carefully considered.Practical implicationsPromoters of accounting reforms may consider the regulation of contracting out for FMIS a relevant issue to the institutionalization of accounting policies.Originality/valueThe analysis innovates by linking IPSAS accounting reform to the contracting out of FMIS.
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Cesário, Gustavo, Ricardo Lopes Cardoso, and Renato Santos Aranha. "The surveillance of a supreme audit institution on related party transactions." Journal of Public Budgeting, Accounting & Financial Management 32, no. 4 (July 17, 2020): 577–603. http://dx.doi.org/10.1108/jpbafm-12-2019-0181.
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PurposeThis paper aims to analyse how the supreme audit institution (SAI) monitors related party transactions (RPTs) in the Brazilian public sector. It considers definitions and disclosure policies of RPTs by international accounting and auditing standards and their evolution since 1980.Design/methodology/approachBased on archival research on international standards and using an interpretive approach, the authors investigated definitions and disclosure policies. Using a topic model based on latent Dirichlet allocation, the authors performed a content analysis on over 59,000 SAI decisions to assess how the SAI monitors RPTs.FindingsThe SAI investigates nepotism (a kind of RPT) and conflicts of interest up to eight times more frequently than related parties. Brazilian laws prevent nepotism and conflicts of interest, but not RPTs in general. Indeed, Brazilian public-sector accounting standards have not converged towards IPSAS 20, and ISSAI 1550 does not adjust auditing procedures to suit the public sector.Research limitations/implicationsThe SAI follows a legalistic auditing approach, indicating a need for regulation of related public-sector parties to improve surveillance. In addition to Brazil, other code law countries might face similar circumstances.Originality/valuePublic-sector RPTs are an under-investigated field, calling for attention by academics and standard-setters. Text mining and latent Dirichlet allocation, while mature techniques, are underexplored in accounting and auditing studies. Additionally, the Python script created to analyse the audit reports is available at Mendeley Data and may be used to perform similar analyses with minor adaptations.
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Haakman, Léonard, and Frans Van Schaik. "ESR en IPSAS: Harmonisering van financiële verslaggeving door overheden." Maandblad Voor Accountancy en Bedrijfseconomie 86, no. 4 (April 1, 2012): 116–22. http://dx.doi.org/10.5117/mab.86.16355.
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De Europese statistische regels voor overheden, van belang voor onder andere het bepalen van tekort en schuld volgens de EMU-normen, en internationale jaarrekeningregels van overheden, hebben vele overeenkomsten: het zijn beide baten-lastenstelsels en ze brengen verslag uit over dezelfde transacties en gebeurtenissen. Ze hebben echter verschillende doelstellingen waardoor sommige transacties en gebeurtenissen anders worden verwerkt. In dit artikel analyseren we de overeenkomsten en verschillen tussen de statistische grondslagen van het Europese Systeem van Nationale en Regionale Rekeningen (ESR) en de jaarrekeningregels van de International Public Sector Accounting Standards (IPSAS) Board. Met deze analyse beogen we een bijdrage te leveren aan het begrip van de financiële informatie die overheden openbaar maken, hetgeen van groot belang is in deze tijd van schuldencrisis. Daarbij komen we tot de conclusie dat de jaarrekeningen van overheden opgesteld volgens algemeen geaccepteerde verslaggevingsregels en voorzien van een verklaring van een rekenkamer of accountant een belangrijke bijdrage kunnen leveren aan de totstandkoming van de statistieken over de overheidsfinanciën, en daarmee aan de monitoring van de financiële positie van de Europese lidstaten door de Europese Commissie.
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Azevedo, Ricardo Rocha de, and José Alexandre Magrini Pigatto. "The roots of budgetary and financial accounting in Brazil." Revista de Administração Pública 54, no. 1 (January 2020): 32–58. http://dx.doi.org/10.1590/0034-761220180155x.
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Abstract This article presents evidence of Italian influences on the Brazilian Public Sector Accounting in the early twentieth century, using the analytically structured history approach and the institutional theory. The study presents the institutional work developed by accountant Carlos de Carvalho in employing a new accounting methodology at the time. The article proposes a new perspective on the literature on the history of accounting in Brazil, suggesting that the emergence of budgetary and financial accounting was due to the innovation of local practices in a municipality of the state of São Paulo, and then expanded to the entire state, influenced by the Italian legal doctrine. Therefore, the use of dual accounting in Brazil during the early twentieth century was first disseminated in practice and transformed into legislation afterward. The Italian roots that influenced this movement are present in the current model, which is being reviewed by the current process of convergence to international IPSAS standards.
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Whitefield, Aleg A., and Panayiotis Savvas. "The Adoption and Implementation of the International Public Sector Accounting Standards: The challenges faced by the United Nation in producing UN-IPSAS compliant financial reports in Kenya." International Journal of Finance and Accounting 1, no. 1 (August 2, 2016): 75. http://dx.doi.org/10.47604/ijfa.42.
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Purpose:The purpose of this study was to assess the challenges faced by United Nations, Nairobi in adopting and implementing IPSAS. Methodology:The study used a mixed research design involving both descriptive and explanatory research designs to describe the state of affairs of the study variables as well as test the cause and effect relationships between variablesAccording to United Nations (UN) website, there are 13 United Nations agencies in Nairobi Kenya with a total of 540 accountants. The choice of accountants as a population is because they are the most knowledgeable users. The study units for this study werethe junior and senior accountants.The sampling units for the study were drawn from the 13 agencies in the UN team of Kenya. A sample size of 20% of the population was taken as the sample size. This yielded 108 accountants. Random sampling was done. A close ended questionnaire based on a likert scale was used to collect data. Data wasanalyzed by use of descriptive and inferential statistics. Specifically, frequencies count and regression analysis results were generated using SPSS version 20.Results:The study concluded that; technological challenges, organization challenges, financial challenges and perceived usefulness challenges significantly influence the rate of IPSAS adoption by UN agencies.Unique contribution to theory, practice and policy:The study recommended that practitioners in the field of financial management and IPSAS software development should address the technological challenges associated with the adoption of IPSAS accounting. In particular, technical support from trained accountants, adequate ICT infrastructure and provision of training manuals would improve IPSAs adoption.
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Bakre, Owolabi, Sarah George Lauwo, and Sean McCartney. "Western accounting reforms and accountability in wealth redistribution in patronage-based Nigerian society." Accounting, Auditing & Accountability Journal 30, no. 6 (August 21, 2017): 1288–308. http://dx.doi.org/10.1108/aaaj-03-2016-2477.
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Purpose The purpose of this paper is to investigate the claim that Western accounting reforms, in particular the adoption of International Public Sector Accounting Standards (IPSASs) would enhance transparency and accountability and reduce corruption in patronage-based developing countries such as Nigeria. Design/methodology/approach The paper utilises the patron/clientelism framework to examine the dynamics of Western accounting reforms in the Nigerian patronage-based society, in which the institutions of governance and regulatory structures are arguably weak. The paper utilises archival data and interviews conducted with representatives of state bodies (elected politicians and officials) and professional accounting associations. Findings Results from two major reforms (the sale of government-owned residential properties in Lagos and the monetisation of fringe benefits for public officials) are presented. Despite the claim of the adoption of Western accounting standards, and in particular IPSAS 17, which requires full accrual accounting and the utilisation of fair value in property valuation, historical cost accounting appeared to have been mobilised to massively corrupt the process for the benefit of politicians, other serving and retired public officials and family members. Originality/value This study contributes to the current literature by providing evidence of the relationship between patronage, corruption and accounting in wealth redistribution in the patronage-based Nigerian socio-political and economic context.
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Rohman, Abdul. "Analysis Effect of Accrual Discretion Against SILPA (SIKPA) Budget Calculations on Local Government." SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS 2, no. 4 (December 31, 2018): 293. http://dx.doi.org/10.29259/sijdeb.v2i4.293-316.
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The research we carry out is aimed at researching the implementation of measures taken by the local government (discretionary accruals) to the substantial amount of the budget obtained local governments in the current year. The government has issued regulations governing the Home Minister on the implementation of government's implementation of accrual based accounting system. Also, the government has issued Government Regulation No. 71 of 2010 concerning the Government Accounting Standard (PSAP) based on accrual. Governments in developing government accounting standards has also attempted to adopt international public sector accounting standards (IPSAS).Our study is a continuation of a research study before we take on research on the level of accrual in the financial statements of Local Government and research on the effect of discretionary accruals on revenue of local governments. This study uses some model approach
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Felix Idoko, Innocent. "International Public Sector Accounting Standard (IPSAS) in Nigeria as a Correlate to Transparency and Accountability." Journal of Finance and Accounting 6, no. 5 (2018): 110. http://dx.doi.org/10.11648/j.jfa.20180605.12.
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Azevedo, Ricardo Rocha de, and José Alexandre Magrini Pigatto. "Raízes da contabilidade orçamentária e patrimonial no Brasil." Revista de Administração Pública 54, no. 1 (January 2020): 32–58. http://dx.doi.org/10.1590/0034-761220180155.
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Abstract This article presents evidence of Italian influences on the Brazilian Public Sector Accounting in the early twentieth century, using the analytically structured history approach and the institutional theory. The study presents the institutional work developed by accountant Carlos de Carvalho in employing a new accounting methodology at the time. The article proposes a new perspective on the literature on the history of accounting in Brazil, suggesting that the emergence of budgetary and financial accounting was due to the innovation of local practices in a municipality of the state of São Paulo, and then expanded to the entire state, influenced by the Italian legal doctrine. Therefore, the use of dual accounting in Brazil during the early twentieth century was first disseminated in practice and transformed into legislation afterward. The Italian roots that influenced this movement are present in the current model, which is being reviewed by the current process of convergence to international IPSAS standards.
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Polzer, Tobias, and Christoph Reichard. "IPSAS for European Union member states as starting points for EPSAS." International Journal of Public Sector Management 33, no. 2/3 (December 13, 2019): 247–64. http://dx.doi.org/10.1108/ijpsm-12-2018-0276.
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Purpose The European Commission is pursuing an initiative to establish European Public Sector Accounting Standards (EPSAS) as a common mandatory set of rules for financial reporting of all member states of the European Union (EU). As a basis for developing EPSAS, the International Public Sector Accounting Standards (IPSAS) are being used. The purpose of this paper is to structure and analyze the discussion around EPSAS, with particular emphasis on the arguments that were brought forward by governments and other stakeholders of various EU countries regarding the suitability of IPSAS. Design/methodology/approach Drawing on several schools of thought in new institutional theory, how the prevailing institutional contexts in countries influence the debates is explored. Empirically, this research investigates the responses to a consultation on the suitability of IPSAS for EU member states and takes a closer look, via document analysis, at France and Germany as two critical cases. Findings It is found that, first, the majority of arguments from respondents are framed in a rational choice way. Second, skeptics of IPSAS tend to make arguments rather from positions closer to historical and/or sociological institutionalism. Research limitations/implications The paper illustrates that while technical matters around EPSAS seem solvable, political, historical and cultural differences go deeper, and need to be addressed by change agents. Regarding limitations of the research, first, the analysis concentrates on financial reporting and does not deal with the implications for more reliable and comparable national accounts in the context of the European System of Accounts (ESA, 2010). Second, it is focused on debates in the context of the EPSAS proposal, and there is a need for an evaluation after the changes have gone live. Originality/value The study looks at a text genre that has so far received less attention in public sector accounting research: responses to consultations. The paper contributes to the literature by showing how institutional contexts matter in settings characterized by contestation of reform contents.
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ElKelish, Walaa Wahid, Shaikha Khamis Alshamsi, Jawaher Sultan Alteniji, Khulood Salem Alshehhi, and Iman Hani Iwhish. "The Extent of Awareness for the International Public Sector Accounting Standards (IPSAS) In the United Arab Emirates Emerging Market." International Journal of Economics and Business Research 1, no. 1 (2022): 1. http://dx.doi.org/10.1504/ijebr.2022.10040414.
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