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IPSAS and local government consolidated financial statements—proposal for a territorial consolidation method

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  • Alessandro Lombrano
  • Luca Zanin

Abstract

This paper presents a new consolidation method to improve local government accountability. After a brief review of consolidated financial statements in the public sector, the International Public Sector Accounting Standards approach to consolidation is described. The authors explain why this approach does not adequately consider the distinctive features of local governments. A case study is presented to illustrate the principles underlying the new method.

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  • Alessandro Lombrano & Luca Zanin, 2013. "IPSAS and local government consolidated financial statements—proposal for a territorial consolidation method," Public Money & Management, Taylor & Francis Journals, vol. 33(6), pages 429-436, November.
    • Handle: RePEc:taf:pubmmg:v:33:y:2013:i:6:p:429-436
    DOI: 10.1080/09540962.2013.836004
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    1. Cristian Carini & Laura Rocca & Claudio Teodori & Monica Veneziani, 2017. "The Reporting Entity in Private-Public Accounting Harmonisation. Is Control Enough for the Local Government Consolidated Financial Statements?," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2017(1), pages 5-29.
    2. Paolo Biancone & Silvana Secinaro & Valerio Brescia, 2016. "The Popular Financial Reporting: Focus on Stakeholders—The first European Experience," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(11), pages 115-115, October.
    3. Andreea CIRSTEA & Stefan Dragos CIRSTEA, 2015. "A Brief Analysis Of Public Sector Consolidated Financial Statements Researches," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 93-99, December.

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