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Accounting Rules for the European Communities: A Theoretical Analysis

Author

Listed:
  • Biondi Yuri

    (CNRS – ESCP Europe, 79, avenue de la Republique, Paris 75011, France)

  • Soverchia Michela

    (Department of Economics and Law, University of Macerata, Macerata, Italy)

Abstract

In the last decade, the European Union (EU) has reformed its accounting system, issuing its own conceptual framework and 18 accounting standards that draw upon the International Public Sector Accounting Standards (IPSAS) issued by the IPSAS Board. The aim of this article is to analyse this renewed EU accounting system that frames and shapes financial accounting and reporting of the European Communities (EC), in order to assess its capacity to “truly and fairly” represent EC economic activity as a non-business entity.

Suggested Citation

  • Biondi Yuri & Soverchia Michela, 2014. "Accounting Rules for the European Communities: A Theoretical Analysis," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 4(3), pages 1-36, December.
    • Handle: RePEc:bpj:aelcon:v:4:y:2014:i:3:p:36:n:1
    DOI: 10.1515/ael-2013-0063
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    References listed on IDEAS

    as
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    6. Janet Mack & Christine Ryan, 2006. "Reflections on the theoretical underpinnings of the general-purpose financial reports of Australian government departments," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 19(4), pages 592-612, July.
    7. Les Metcalfe, 2000. "Reforming the Commission: Will Organizational Efficiency Produce Effective Governance?," Journal of Common Market Studies, Wiley Blackwell, vol. 38(5), pages 817-841, December.
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    9. Pollitt, Christopher & Bouckaert, Geert, 2004. "Public Management Reform: A Comparative Analysis," OUP Catalogue, Oxford University Press, edition 2, number 9780199268498, Decembrie.
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    Cited by:

    1. Mussari Riccardo, 2014. "EPSAS and the Unification of Public Sector Accounting Across Europe," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 4(3), pages 1-14, December.

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