The reluctance of a developed country to choose International Public Sector Accounting Standards of the IFAC. A critical case study

What is it about?

This article analyses the suitability of International Public Sector Accounting Standards, IPSAS standards, for public sector entities. This is done in the context of a developed country, which refused to take th IPSAS. The national government accounting board (FGAB) in Finalnd took a negative stand on IPSAS standards. The article describes the reasons for the FGAB’s decision and presents an interpretation supported by institutional theory. The choice of the FGAB is compared to the situation regarding the IPSAS adoption in European and especially in Nordic countries.

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Why is it important?

This article is highly actual in the present situation in Europe, where the Europan Commission and its Eurostat agency is promotin Europan Public Sector Accounting Standards (EPSAS).