Krytyka Międzynarodowych Standardów Rachunkowości Sektora Publicznego
A critique of International Public Sector Accounting Standarts

Summary/Abstract: This critique is constrained by self-evident truths, which derive from the fact that Inter-national Public Sector Accounting Standards are part of the Anglo-American tradition of financial reporting. Although IPSASs are based on codifications that were originally written for businesses in reporting to their investors and creditors, they are directly relevant to any public sector entity in reporting what that entity cost. However, because political compromise is inherent in IPSASs, they include technically inferior accounting. When using IPSASs, therefore, effective governmental power might be used to eradicate inferior accounting alter-natives. Specifically and most significantly, a compulsory comprehensive current value model would be an improvement on the permissive accounting of IPSASs. But a prerequisite of IPSASs is a better understanding of the effect of accrual-based financial reporting on man-agement accounting, auditing and finance in public sector entities.

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