Public Sector Accounting and Budgeting

Public Sector Accounting and Budgeting

The role and legitimacy of the accounting profession in sustainable development goals reporting

Document Type : Review Article

Authors
Mohammad Daneshifar 1
Mahmoud Kia 2
1 M.A. in Accounting, Asaluyeh Payam Noor University, Bushehr, Iran
2 Accounting Group, Qazvin Branch, Islamic Azad University, Qazvin Iran
Abstract
The works that have been done so far in relation to sustainability reporting have been relatively random. The accounting profession has entered the scene with a new standard-setting board to consolidate the work that has been done to date and create a useful and constructive element. We hope that the new board will confirm that adding another interpretive report to the existing financial report is only a verbal confirmation of pressing issues that are at stake in the world. Accounting possesses many tools that can be used instead of words. Management accounting and budgeting have the potential to move the profession in the desired direction; Especially in the public sector, where budget policies will have ripple effects on the entire economy. This article deals with the legitimate role of the accounting profession as a standard setter in the field of sustainability reporting. This paper proves how accounting systems (especially in the public sector) can be used to provide a tangible contribution towards the achievement of the United Nations Sustainable Development Goals. The accounting profession should desire to avoid standard financial reporting, focus on management accounting, and use previous work (such as GRI) as a basis. Also, accounting should get help from experts in other schools of thought. 
Keywords
Public sector accounting
Sustainable development goals
Standard setting
legitimacy theory
Budget

Subjects

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  • Receive Date 25 April 2022
  • Revise Date 04 June 2022
  • Accept Date 23 June 2022