Public sector accounting future challenges: EPSAS outlook Ellen Haustein

https://psaar.net/media/reviews/photos/thumbnail/300x250s/93/a9/13/european-book-75-1575892396.png
Uploaded by Ellen Haustein     Uploaded date: December 09, 2019    
961  
Publication date
October 31, 2019
Paper language
Abstract
In March 2013, the EC announced the development of European accounting standards for the public sector. The European Public Sector Accounting Standards (EPSAS) aim to harmonise public sector accounting across and within EU Member States. EPSAS are still in the process of development, they have not been implemented yet and there is no binding decision about their future implementation. In this chapter, the evolution of a European public sector accounting system is described and the emergence of
EPSAS are outlined. The benefits and challenges of implementing EPSAS are discussed, and the concept of the current EPSAS draft is compared with the International Public Sector Accounting Standards (IPSAS). Besides, the potential process of implementing EPSAS is described. Finally, future challenges in terms of adopting EPSAS are discussed.
Preferred Citation
Schmidthuber, L./Hilgers, D. (2019): Public sector accounting future challenges: EPSAS outlook, in: Lorson, P./Jorge, S./Haustein, E. (2019) (eds.): European Public Sector Accounting, Coimbra, ISBN: 978-989-26-1856-2, pp. 373-388, https://doi.org/10.14195/978-989-26-1861-6_14
Keywords
EPSAS, European accounting, accounting harmonisation
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
Category
  • Comparative Research
  • Financial accounting
  • International Accounting / Accounting Harmonization
Type of Paper
Book chapter

Newsletter Subscribe to our Newsletter to get all the latest news

Log In or Sign Up