Public Corporate Governance: Upcoming Changes Regarding the Implementation of International Public Sector Accounting Standards (IPSAS) and Corporate Social Responsibility in Public Sector

Christos L. Galanos, Sotirios J. Trigkas (), Konstantina Giarou and Foteini I. Pagkalou
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Christos L. Galanos: Panteion University of Social and Political Sciences
Sotirios J. Trigkas: Panteion University of Social and Political Sciences
Konstantina Giarou: Panteion University of Social and Political Sciences
Foteini I. Pagkalou: Panteion University of Social and Political Sciences

A chapter in Global, Regional and Local Perspectives on the Economies of Southeastern Europe, 2021, pp 353-365 from Springer

Abstract: Abstract The upcoming changes following the mandatory implementation of IPSAS in public entities, as well as those of the wider public sector and the corporate social responsibility of public entities, are cutting edge issues that will dominate changes in the public sector the following years. This paper aims to highlight the significant changes affecting not only Greece but also all EU countries. We present the changes that have been made to date as well as the upcoming required changes in Greece and the EU. We carry out a comparative analysis between the current and the forthcoming situation, both for the public governance and for the change of the public accounting and its procedures. Also, we compare the corporate social responsibility of European and Greek legislation and of the various convergences between IPSAS and IAS. Through the construction of a flowchart of proposed convergence actions, we point out possible failures—deviations that may occur during the transition time as well as all actions that should be taken accordingly. With this paper, we provide a roadmap for the transition and transformation of the administrative accounting operations of public entities.

Keywords: Public administration; Public accounting; Corporate governance; Social responsibility; IPSAS; IAS; H83; M14; M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-57953-1_23

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DOI: 10.1007/978-3-030-57953-1_23

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