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Implementing IFRSs in the public sector: caveats from a case in the UK

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  • Ciaran Connolly
  • Anthony Wall

Abstract

This article assesses the implementation of International Financial Reporting Standards (IFRSs) in the United Kingdom public sector. Possible motivations for the move are suggested before presenting the findings of interviews with, and a survey of, key personnel. The primary issues discussed are the rationale, challenges and costs associated with implementing IFRSs. The article concludes that the policy appears to have been implemented against a backdrop of indeterminate benefits and to be a continuation of New Public Management-style reforms with their emphasis on public sector professionalization and the language of accountancy.

Suggested Citation

  • Ciaran Connolly & Anthony Wall, 2012. "Implementing IFRSs in the public sector: caveats from a case in the UK," Public Money & Management, Taylor & Francis Journals, vol. 32(1), pages 53-60, January.
    • Handle: RePEc:taf:pubmmg:v:32:y:2012:i:1:p:53-60
    DOI: 10.1080/09540962.2012.643064
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    Cited by:

    1. Elaine Stewart & Ciaran Connolly, 2021. "Recent UK Central Government Accounting Reforms: Claimed Benefits and Experienced Outcomes," Abacus, Accounting Foundation, University of Sydney, vol. 57(3), pages 557-592, September.
    2. Carolyn J. Cordery & Kevin Simpkins, 2016. "Financial reporting standards for the public sector: New Zealand's 21st-century experience," Public Money & Management, Taylor & Francis Journals, vol. 36(3), pages 209-218, April.

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