What is it about?
The paper examines the reasons why the Central Government of one particular jurisdiction decided to adopt IPSAS as financial reporting standards. The Central Government of Malta is in the process of change to an accrual accounting system and has decided that its financial reporting is to be IPSAS compliant.
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Why is it important?
The study is important because the decision to adopt IPSAS was taken in 2011, that is, after the Eurozone crisis and during the interest being shown in IPSAS by the EU Commission.
Perspectives
The IPSAS decision is just one event in a long process of governmental accounting reform. The decision may perhaps positively affect the quality of the change process, however, it does not appear to have somehow affected the actual speed of the process. The Central Government of Malta does not appear to be in a hurry to produce IPSAS financial statements, which perhaps further justifies the real purpose of the decision taken at the time (as concluded in the paper).
Dr Josette Caruana
University of Malta
Read the Original
This page is a summary of: Governmental accounting in Malta towards IPSAS within the context of the European Union, International Review of Administrative Sciences, July 2016, SAGE Publications,
DOI: 10.1177/0020852315576705.
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