Transparency in public sector accounting
Survey results: accounting system trends
To enhance comparability between countries, it is necessary that GFS needs to be aligned with national accounting systems.
Government Financial Statistics (GFS) and budgeting as key elements of the Financial Governance System.
The interconnectivity between GFS and the national accounting system is seen by just over half of the respondents, while 48.5% stating that GFS has no influence on their methods of accounting.
To enhance comparability between countries, it is necessary that GFS needs to be better aligned with national accounting and financial reporting systems.