Adoption of new IPSAS Standards. Challenges

Martin Nikolov ()
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Martin Nikolov: University of Economics – Varna, Accounting Department, Bulgaria

ACCOUNTING AND CONTROL: TRADITIONS AND NEW CHALLENGES IN VALUE CREATION AND SUSTAINABILITY, 2025, issue 1, 254-258

Abstract: This work explores a bit the key challenges encountered by public sector entities during the adoption of International Public Sector Accounting Standards (IPSAS). It examines five core issues—technical capacity, legacy systems, data quality, organizational resistance, and interpretation of standards—highlighting practical examples and implications. The analysis underscores the need for a strategic, well-resourced approach to ensure consistent application, improve financial transparency, and strengthen stakeholder trust. And finishing this abstract I would try to trigger your interest in IPSAS with the following thought – IFRS is very important for the users of the financial information, namely investors and readers of the financial statements. And who is interest in how public funds are spent?– taxpayers.

Keywords: Public sector accounting; challenges; IPSAS implementations (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:acctnc:y:2025:i:1:p:254-258

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