Implementing IFRSs in the public sector: caveats from a case in the UK

This article assesses the implementation of International Financial Reporting Standards (IFRSs) in the United Kingdom public sector. Possible motivations for the move are suggested before presenting the findings of interviews with, and a survey of, key personnel. The primary issues discussed are the...

Full description

Saved in:
Bibliographic Details
Published in:Public money & management 2012-01, Vol.32 (1), p.53-60
Main Authors: Connolly, Ciaran, Wall, Anthony
Format: Article
Language:English
Subjects:
Accounting standards
Governmental accounting
International Financial Reporting Standards
International Financial Reporting Standards (IFRSs)
New Public Management (NPM)
Professionalization
Public administration
Public finance
Public management
Public sector
resource accounting
Studies
United Kingdom
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This article assesses the implementation of International Financial Reporting Standards (IFRSs) in the United Kingdom public sector. Possible motivations for the move are suggested before presenting the findings of interviews with, and a survey of, key personnel. The primary issues discussed are the rationale, challenges and costs associated with implementing IFRSs. The article concludes that the policy appears to have been implemented against a backdrop of indeterminate benefits and to be a continuation of New Public Management-style reforms with their emphasis on public sector professionalization and the language of accountancy.
ISSN:0954-0962
1467-9302
DOI:10.1080/09540962.2012.643064