THE IMPACT OF ADOPTING INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS ON CORRUPTION: TRANSPARENCY AND FINANCIAL ACCOUNTABILITY
THE IMPACT OF ADOPTING INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS ON CORRUPTION: TRANSPARENCY AND FINANCIAL ACCOUNTABILITY

Summary/Abstract: Transparent operations provide clear insight into all phases of business activities, thereby enabling their clear understanding. Transparency simultaneously serves as a barrier to corruption, which arises from the misuse of official or social position or influence for the purpose of gaining illicit benefit. Anti-corruption instruments are embedded within the standards themselves. IPSAS are designed to globally enhance the transparency and accountability of public sector entities. The effectiveness of IPSAS in combating corruption depends on the institutional context and the stage of implementation. This paper aims to examine how the implementation of IPSAS can contribute to reducing corruption. A conceptual and analytical approach is applied in the paper.

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