Our study suggests that in most countries, governments have either already made the transition to accrual accounting or plan to make it in the near future.
Transparent financial conditions and sound information should be key priorities for policy-makers around the world
The International Federation of Accountants (IFAC) recently recommended that the governments and public sector institutions of the G20 nations should adopt accrual accounting, arguing that it is more capable of monitoring government debt and liabilities in a way that exposes their true economic implications.
Our study suggests that in most countries governments have either already made the transition to accrual accounting or plan to make it in the near future.
Take a closer look at our findings:
Our research, mainly focused on central government, covered 33 countries, with a balanced representation both by geography and level of individual country development.
The study was based on a seven-page questionnaire designed by the Ernst & Young Competence Center for Public Sector Accounting led by Thomas Müller-Marqués Berger, in cooperation with the Institute of Public Management, Zurich University of Applied Sciences led by Professor Dr. Andreas Bergmann.
The questionnaires were completed in the first half of 2011.