Public-Sector Consolidated Financial Statements: An Analysis of the Comment Letters on IPSASB’s Exposure Draft No. 49 Hothttps://psaar.net/media/reviews/photos/thumbnail/300x250s/aa/97/9f/public-administration-25-1425046439.jpg
Uploaded by Marco Bisogno Uploaded date: February 27, 2015
February 27, 2015
Public sector consolidated financial statements can be drafted according to different approaches, especially the “control approach” or “budgetary perspective.” Considering the growing importance of the International Public Sector Accounting Standards (IPSAS) in the international scenario, the aim of the article is to investigate these approaches through an analysis of the comment letters submitted to the Exposure Draft no. 49, which will replace the current IPSAS 6. The main finding concerns the acceptance of the key role played by the control approach, even though it needs to be better specified, in order to take into account the public sector characteristics.
Bisogno, M., Santis, S. and Tommasetti, A. (2015), Public-Sector Consolidated Financial Statements: An Analysis of the Comment Letters on IPSASB’s Exposure Draft No. 49, International Journal of Public Administration, vol. 38, issue 4, 311-324.
consolidated financial statements, control approach, budget approach, public-sector entities
International Accounting / Accounting Harmonization
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