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public sector accounting
More than 10.000 documents for public sector accounting
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INTRODUCTION . Public sector reforms, developed since the 1980s in most countri...
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In the past, most governments throughout the world maintained their budget and accounting systems on a cash or near-cash basis of accounting. However, many of these governments are in the process of transitioning to the accrual basis of accounting to identify the value of assets owned and total liabilities owed. To provide accounting standards for these governments throughout the world, the International Public Sector Accounting Standards (IPSAS) Board has been established by the International Federation of Accountants. This article discusses a stepwise approach that can be used by developing countries to assist in the transition. The steps are: 1. reporting entities, 2. accounting for cash, 3. optional disclosures under Part 2 of the Cash Basis IPSAS, and 4. miscellaneous optional disc...
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Accounting Edward J. Mazur has joined Clifton Gunderson, a certified public accounting and consulting firm, as senior advisor for Public Sector Services, working in the Mid-Atlantic practice based in Timonium. Mazur has more than 35 years of experience as a governmental financial management executive and standards setter, including as controller of the Office of Federal Financial Management in the Office of Management and Budget, state comptroller of Virginia, and a member of the Governmental Accounting Standards Board and the Federal Accounting Standards Advisory Board. He most recently served as senior advisor for governmental financial management at Cherry, Bekaert & Holland. Mazur is a CPA and chair of the Audit and Financial Management Advisory Committee of the U.S. Small Business ...
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In light of the increasing convergence between public and private sector accounting models, should local governments be required to adopt requirements similar to the Sarbanes-Oxley Act (SOX)? Survey results from 42.2% of municipal finance officers from Ohio and Florida suggest they embrace in concept the enhanced accountability resulting from adopting principal officer certification (POC) and the independent audit committee (IAC) for larger cities. However, like their counterparts in the private sector, they have reservations regarding the benefits of implementation relative to costs. Theories of innovation diffusion and planned behavior provided a theoretical framework for multivariate analysis. The contradictions in our findings may relate to respondents' reservations regarding the pr...
