New development: The protective role of conservatism in public sector accounting

Andreas Glöckner

Public Money & Management, 2016, vol. 36, issue 7, 527-530

Abstract: This article picks up a discussion in international business accounting about the appropriate definition and use of conservatism (or prudence) and calls for a similar discussion in public sector accounting. If financial reports present an overly optimistic situation, politicians might use them to justify spending public money that is not there, risking the sustainability of services and ‘borrowing’ from future generations.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:pubmmg:v:36:y:2016:i:7:p:527-530

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DOI: 10.1080/09540962.2016.1237161

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