Public Sector Accounting and Budgeting

Public Sector Accounting and Budgeting

Investigate the reasons for the need to reexamine the existing standards of the Governmental Accounting Standards Board (GASB)

Document Type : Review Article

Author
Afshin ShorajSamaei
M. A. in Accounting, Adiban Institute of Higher Education, Garmsar, Semnan, Iran
Abstract
The Governmental Accounting Standards Board sets standards for the financial reporting of local and state governments. These standards are a guide for governments to use it to conduct their affairs and financial reporting better and more efficiently. Given the dynamic and ever-changing environment of the public sector, as well as the new issues that are constantly emerging in public finance issues (including in pension accounting and financial reporting units in recent years), the board should continuously evaluate its standards and conduct necessary reviews. Making effective changes in this area by the above board will enable users of financial reports to make more informed decisions and governments can also be accountable to the public for their oversight of public resources; On the other hand, it will be possible to compare governments. 
Keywords
GASB
Financial reporting
Reform of accounting standards
Effectiveness of accounting standards

Subjects

حجازی، رضوان؛ نیکخواه، میلاد. (1399). تبیین ابعاد پاسخگویی دولتی مؤثر بر عملکرد. حسابداری و بودجه­‌ریزی بخش عمومی، 1(2)، 49-37.
Attmore, R. H. (2010). Why Reexamine Existing GASB Standards? Journal of Government Financial Management, Association of Government Accountants.
Torfing, J. & Ansell, C. (2017). Strengthening political leadership and policy innovation through the expansion of collaborative forms of governance. Public Manag. Rev., 19, 37–54.

  • Receive Date 24 February 2021
  • Revise Date 31 March 2021
  • Accept Date 27 April 2021