The Effect of IPSAS on Reforming Governmental Financial Reporting: An International Comparison

International Review of Administrative Sciences 0(0) 1-20, 2014, DOI: 10.1177/0020852314546580

Posted: 16 Jan 2015

See all articles by Johan Christiaens

Johan Christiaens

Ghent University - Department of Accountancy and Corporate Finance

Christophe Vanhee

Ghent University

Francesca Manes Rossi

Università Degli Studi di Salerno - Department of Management Research

Natalia Aversano

University of Salerno

Philippe Van Cauwenberge

Ghent University - Department of Accountancy and Corporate Finance

Date Written: 2014

Abstract

Over the past 25 years, significant New Public Management (NPM) reforms, particularly towards accrual accounting, have characterized the public sector in many countries. The diversity in public financial information systems created a need for harmonization, resulting in the elaboration of the International Public Sector Accounting Standards (IPSAS). Despite their relevance, little is known on the adoption process of IPSAS. This study aims to examine to what extent IPSAS(-like) accrual accounting is adopted in central/local governments worldwide as well as to investigate which factors affect the differing level of their adoption. Methodologically, a specific questionnaire constructed to obtain relevant information from local experts was sent worldwide to a sample of countries. The study reveals an important move to accrual accounting, particularly to IPSAS accrual accounting, for which there still remains a level of reluctance mainly in central governments, especially in countries where businesslike accrual accounting has been developed.

Keywords: central government accounting reform, comparative public accounting, IPSAS, local

Suggested Citation

Christiaens, Johan and Vanhee, Christophe and Manes Rossi, Francesca and Aversano, Natalia and Van Cauwenberge, Philippe, The Effect of IPSAS on Reforming Governmental Financial Reporting: An International Comparison (2014). International Review of Administrative Sciences 0(0) 1-20, 2014, DOI: 10.1177/0020852314546580, Available at SSRN: https://ssrn.com/abstract=2549845

Johan Christiaens (Contact Author)

Ghent University - Department of Accountancy and Corporate Finance ( email )

Bedrijfsfinanciering (RUG)
Kuiperskaai 55 E
Ghent, B-9000
Belgium

Christophe Vanhee

Ghent University ( email )

Coupure Links 653
Gent, 9000
Belgium

Francesca Manes Rossi

Università Degli Studi di Salerno - Department of Management Research ( email )

Via Giovanni Paolo II, 132
Fisciano, Salerno 84084
Italy

HOME PAGE: http://www.distra.unisa.it/Economia_Aziendale/ManesRossi/manesrossi.php

Natalia Aversano

University of Salerno ( email )

Via Giovanni Paolo II, 132
Fisciano, Salerno 84084
Italy

Philippe Van Cauwenberge

Ghent University - Department of Accountancy and Corporate Finance ( email )

Bedrijfsfinanciering (RUG)
Kuiperskaai 55 E
Ghent, B-9000
Belgium

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