Public Sector Financial Statement Notes to Convergence with International Standards, Transparency, and Social Control

Marcio Hipolito de Abreu () and João Eudes Bezerra Filho ()
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Marcio Hipolito de Abreu: Fucape Business School, Brazil
João Eudes Bezerra Filho: Assistant Professor at FUCAPE Business School, Brazil

New Challenges in Accounting and Finance, 2021, vol. 5, 1-16

Abstract: The financial statement notes contribute to public accounts' transparency and the instrumentalization of social control, although they are frequently absent from public sector financial statements. In this context, this study's objective was to present the structure of notes to public sector financial statements, nonexistent until then, in the Brazilian setting, which would contribute to the improvement of this context. The structure was developed according to the recommendations in the wording of the Brazilian Accounting Standards. The results of this work provide public accountants with a reference structure of notes to public sector financial statements, contributing to a greater understanding and transparency of accounting rendering by users of accounting information, control bodies, and society.

Keywords: Disclosure; Financial Statement Notes; Public Sector Structure; Brazilian Accounting Standards (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bco:ncafaa::v:5:y:2021:p:1-16

DOI: 10.32038/NCAF.2021.05.01

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