Public sector accounting future challenges: EPSAS outlook

Lisa Schmidthuber
Dennis Hilgers

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.

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ISBN: 978-989-26-1856-2
eISBN: 978-989-26-1861-6
DOI: 10.14195/978-989-26-1861-6_14
Área: Ciências Sociais
Páginas: 373-388
Data: 2019

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Outros Capítulos (16)

Introduction
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_0

Approaches to public sector accounting and reporting in Europe
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_1

History of public sector accounting & alternatives
Andy Wynne
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Difference between private and public sector accounting
Andy Wynne
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Budgets and budgetary accounting
Lasse Oulasvirta
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Theoretical approaches to financial accounting purposes and principles
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-1861-6_5

Different perspectives in public sector accounting harmonisation: IFRS, GFS and IPSAS
Lisa Schmidthuber;Dennis Hilgers;Hannes Hofbauer
https://doi.org/10.14195/978-989-26-1861-6_6

IPSAS: history - spread - use
Lisa Schmidthuber;Dennis Hilgers
https://doi.org/10.14195/978-989-26-1861-6_7

IPSAS conceptual framework and views on selected national frameworks
Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_8

Reporting components and reliability issues
Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_9

Overview of IPSAS on public sector specific topics
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_10

IPSAS: case study
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_11

Consolidated financial statements
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_12

Consolidation methods
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_13