A Perspective on the Proposal for European Public Sector Accounting Standards, in the Context of Accruals in UK Government Accounting Josette Caruana Hot

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Uploaded by Josette Caruana     Uploaded date: November 16, 2014    
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Publication date
September 12, 2014
Paper language
Abstract
This paper offers a UK perspective on the proposal to develop European Public Sector Accounting Standards (EPSAS). It offers the fundamentals of the UK government’s system of budgeting and accounting, which is the responsibility of the UK Treasury, being one part of its responsibilities for the UK’s fiscal and monetary policies. In the light of this, the EPSAS proposal remains a puzzle and a peripheral one at that. The paper ponders on the forces underlying the EPSAS proposal and notes that for the government practitioner in an EU member state, rules emanating from the EU would naturally have a macro-level focus. Consequently, any potential advantages of an accrual accounting system at micro-level may not be fully appreciated.
Preferred Citation
Jones R. and Caruana J. (2014) A Perspective on the Proposal for European Public Sector Accounting Standards, in the Context of Accruals in UK Government Accounting. Accounting, Economics and Law, De Gruyter, August 2014
DOI 10.1515/ael-2014-0005

Keywords
budgetary surveillance; financial risk management; fiscal policy; national accounts; whole of government accounts
Email
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Category
International Accounting / Accounting Harmonization
Type of Paper
Published paper

How to get the paper

From the journal
Accounting, Economics and Law - De Gruyter

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