Institutionalisation of the Cash Basis International Public Sector Accounting Standard in the Central Government of Bangladesh: An example of delay and resistance Md Salah Uddin Rajib

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Uploaded by Md Salah Uddin Rajib     Uploaded date: March 20, 2019    
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Publication date
March 20, 2019
Paper language
Abstract
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.
Preferred Citation
Salah Uddin Rajib, Pawan Adhikari, Mahfuzul Hoque, Mahmuda Akter, (2019) "Institutionalisation of the Cash Basis International Public Sector Accounting Standard in the Central Government of Bangladesh: An example of delay and resistance", Journal of Accounting in Emerging Economies, Vol. 9 Issue: 1, pp.28-50, https://doi.org/10.1108/JAEE-10-2017-0096
Keywords
Bangladesh; Emerging economies; Public sector accounting; International public sector accounting standards
Email
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Category
  • Comparative Research
  • Financial accounting
  • International Accounting / Accounting Harmonization
Type of Paper
Published paper

How to get the paper

From the journal
https://www.emeraldinsight.com/doi/full/10.1108/JAEE-10-2017-0096

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