scholarly journals Challenges for European Public Sector Accounting

2017 ◽  
Vol 7 (2) ◽  
pp. 131-135
Author(s):  
David Heald
Keyword(s):  
Public Sector ◽  
International Workshop ◽  
Accounting Standards ◽  
European Parliament ◽  
Accounting Regulation ◽  
European Public ◽  
Public Sector Accounting

Abstract This article is based upon the transcript of a speech given at the international workshop on “Which accounting regulation for Europe’s economy and society?” held at the European Parliament, Strasbourg, on May 20, 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).

scholarly journals Open Debate on Accounting for the European Public Sector

2017 ◽  
Vol 7 (2) ◽  
pp. 161-163
Author(s):  
Imke Graeff
Keyword(s):  
Public Sector ◽  
International Workshop ◽  
Accounting Standards ◽  
European Parliament ◽  
Accounting Regulation ◽  
European Public ◽  
Public Sector Accounting ◽  
Open Debate

Abstract This article contains the proceedings of the open debate that followed the plenary panel on ‘Accounting for the European Public Sector: The Ongoing Reform of European Public Sector Accounting Standards’ at the international workshop on ‘Which accounting regulation for Europe’s economy and society?’ organised under the auspices of the European Parliament in Strasbourg, on 20 May 2015.

scholarly journals European Public Sector Accounting Standards (EPSAS)

2017 ◽  
Vol 7 (2) ◽  
pp. 155-160 ◽  
Author(s):  
Alexandre Makaronidis
Keyword(s):  
Public Sector ◽  
International Workshop ◽  
Accounting Standards ◽  
European Parliament ◽  
Accounting Regulation ◽  
European Public ◽  
Public Sector Accounting

Abstract This article represents solely the views of its author. It is based on a transcript of a speech delivered at the international workshop on “Which accounting regulation for Europe’s economy and society?” organised under the auspices of the European Parliament in Strasbourg, on 20 May 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).

Harmonising public sector accounting laws and regulations of the European Union member states: powers and competences

2021 ◽  
pp. 002085232110600
Author(s):  
Karoline Helldorff ◽  
Johan Christiaens
Keyword(s):  
Public Sector ◽  
Accounting Standards ◽  
The European Union ◽  
Member States ◽  
European Public ◽  
Public Sector Accounting ◽  
Will Force ◽  
The One ◽  
Rules Set ◽  
The Eu

This paper analyses the powers and competences of the EU to standardise public sector accounting of the member states and to take other EU action in the field of public sector accounting. We argue that public sector accounting forms part of the administrative organisation of the member states that is not a core EU competence. EU initiatives such as the European Public Sector Accounting Standards project, which aim to increase transparency and comparability, therefore need to follow the rules set out for administrative matters in general. The study reveals on the one hand that EU actions are essentially limited to voluntary cooperation and influences of other policy areas. But on the other hand, it shows that they do not need to be limited to the initiatives currently driven by Eurostat. Points for practitioners The future of the European Public Sector Accounting Standards project is uncertain. However, it is very unlikely that it will take the shape of a top-down set of readymade EU accounting standards that will force public administrations to adjust their inner workings. Public sector accounting is not (yet) a (typical) European policy, but simply a national one that the EU can support. The EU initiative can be considered as an opportunity for collaboration and knowledge sharing on how to increase transparency of public sector accounting.

Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives for Europe’s Economy and Society

2014 ◽  
Vol 4 (3) ◽  
Author(s):  
Yuri Biondi
Keyword(s):  
Public Sector ◽  
Financial Reporting ◽  
Accounting Standards ◽  
International Accounting Standards ◽  
Accounting Systems ◽  
The Public ◽  
Financial Reporting Standards ◽  
Adoption And Implementation ◽  
European Public ◽  
Public Sector Accounting

AbstractAccounting systems play a hidden but fundamental role as mode and instrument of representation, coordination and organisation for the public sector and its specific public action. Therefore, financial and accounting reforms transform, implement and reshape public policies as well as the working and very existence of public administration. Last March 2013, the European Commission started a relevant project with the intention to create harmonised “European Public Sector Accounting Standards” (EPSAS) and implement them in the Member States. Between 1995 and 2002, a similar project was already achieved for private sector accounting standards-setting, leading to adoption and implementation of International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB). The EPSAS project should decide if public sector accounting standards-setting shall follow a similar pattern to converge towards the International Public Sector Accounting Standards (IPSAS) that transplant the IFRS in the public sector. This choice may have fundamental implications for the European (Monetary) Union, since public sector accounting and public finances are fundamental elements of its institutional framework. This thematic issue aims to provide analyses and perspectives on this ongoing public sector accounting harmonisation process in Europe, addressing its governance and contents, as well as its consequences and implications for Europe’s economy and society.

scholarly journals ‘The Challenging Task of Developing European Public Sector Accounting Standards’

2019 ◽  
Vol 16 (2) ◽  
pp. 143-145 ◽  
Author(s):  
Susana Jorge ◽  
Josette Caruana ◽  
Eugenio Caperchione
Keyword(s):  
Public Sector ◽  
Accounting Standards ◽  
European Public ◽  
Public Sector Accounting

scholarly journals Why and How EFRAG was Reformed

2017 ◽  
Vol 7 (2) ◽  
pp. 31-34
Author(s):  
Philippe Maystadt
Keyword(s):  
International Workshop ◽  
Accounting Standards ◽  
European Parliament ◽  
Accounting Regulation

Abstract This article was prepared for and read at the international workshop on “Which accounting regulation for Europe’s economy and society?” held at the European Parliament, Strasbourg, on May 20, 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).

Harmonisation of EPSASs (European Public Sector Accounting Standards): Developments and Prospects

2014 ◽  
Vol 4 (3) ◽  
Author(s):  
Marie-Pierre Calmel
Keyword(s):  
Public Sector ◽  
European Commission ◽  
Accounting Standards ◽  
European Countries ◽  
Accrual Accounting ◽  
The Public ◽  
Governance Model ◽  
European Public ◽  
Public Sector Accounting

AbstractThe European Commission initiated a project to introduce accrual accounting in European countries that meets the objective of improving the reliability, transparency and comparability of public accounts.This article describes the importance of defining the governance model for future European public sector accounting standards, explains the need to define accounting standards taking into consideration the specific features of the public sector and illustrates these points with the accounting treatment of financial liabilities.

scholarly journals On the Accounting Regulation for the European Private Sector

2017 ◽  
Vol 7 (2) ◽  
pp. 79-91
Author(s):  
Arnaldo Canziani
Keyword(s):  
Private Sector ◽  
International Workshop ◽  
Accounting Standards ◽  
European Parliament ◽  
Accounting Regulation

Abstract This article is based upon a speech given at the international workshop on “Which accounting regulation for Europe’s economy and society?” held at the European Parliament, Strasbourg, on May 20, 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).

Public sector accounting contexts in the EPSAS change: a comparative study of Italy and Sweden

2020 ◽  
pp. 002085231989468
Author(s):  
Daniele Natalizi
Keyword(s):  
Public Sector ◽  
Comparative Study ◽  
Accounting Standards ◽  
Standard Setting ◽  
National Standard ◽  
The Public ◽  
International Harmonization ◽  
Setting Process ◽  
European Public ◽  
Public Sector Accounting

Comparing Italy and Sweden, which are countries with different cultural and accounting traditions, this article focuses on the characteristics of their standard-setting processes for the public sector in order to evaluate their prerequisites for international harmonization. The recent attempt by European bodies to stimulate an international public sector accounting harmonization process, the European Public Sector Accounting Standards programme, requires that each country involved in the process assumes its position, taking into account a number of national factors and conditions. To this end, the research identifies the potential positive factors of a national public sector accounting standard-setting context that are favourable to international harmonization. While both countries differ in some respects, the study discusses how the ideal prerequisites can constitute a positive environment in which to implement international harmonization in the European context. Points for practitioners This comparative study identifies conditions to enhance an efficient and reliable national standard-setting process, summarizing the potential positive factors investigated in both countries. It argues that institutional arrangements and specific governance factors (a flexible legal system, efficient auditing, vertical harmonization, an inclusive and participative standard-setting process, and the maturity of accrual accounting) can support key actors in the public sector to react positively to international harmonization, with some emerging scepticism regarding the European Public Sector Accounting Standards programme.

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