The Transition to European Standards Harmonized by Accounting for the Public Sector – Necessity and Perspectives

Manea Marinela – Daniela ()
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Manea Marinela – Daniela: “Valahia” University Târgovi?te, Faculty of Economic Science

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 652-657

Abstract: In the current sensitive context of the economic crisis, the European Union wishes to adopt a harmonized accounting and reporting frame integrated at a European level – European Public Sector Accounting Standards (EPSAS). The main objective of implementing EPSAS at EU’s level is to reduce the complexity of the methods and procedures used for transforming accounting information on a quasi-harmonized base, minimizing, at the same time, the risks concerning the reliability of the data notified by the member states and published by Eurostat. In the following we will assess the necessity and the implementation possibilities of these standards within the community space.

Keywords: European accounting standards; accrual accounting; public sector; governance (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:652-657

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