IMPLEMENTATION OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS): VARIABLES AND CHALLENGES, ADVANTAGES AND DISADVANTAGES

IMPLEMENTATION OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS): VARIABLES AND CHALLENGES, ADVANTAGES AND DISADVANTAGES

International Public Sector Accounting Standards (IPSAS) are developed by the International Public Sector Accounting Board (IPSAB) and aim to harmonize international accounting in the public sector. Although the adoption of IPSAS is considered a necessary condition for the harmonization of accounti...

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Bibliographic Details
Main Authors: IULIANA CENAR, ECATERINA CIOBAN
Format: Article
Language:English
Published: University of Petrosani 2022-10-01
Series:Annals of the University of Petrosani: Economics
Subjects:
ipsas
advantages
disadvantages
challenges
public sector accounting
transparency
Online Access:https://www.upet.ro/annals/economics/pdf/2022/5).%20Cenar_Cioban.pdf
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Summary:International Public Sector Accounting Standards (IPSAS) are developed by the International Public Sector Accounting Board (IPSAB) and aim to harmonize international accounting in the public sector. Although the adoption of IPSAS is considered a necessary condition for the harmonization of accounting systems in the public sector and for meeting the needs of transparency, comparability and completeness of financial information, the degree of adoption of these international standards is still quite low. Therefore, this article aims to analyze the IPSAS adoption process in terms of challenges, advantages and disadvantages.
ISSN:1582-5949
2247-8620

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