IPSAS: Reforming Public Sector Accounting Language

Authors

  • Shivani Inder Chopra Academic Associate Indian Institute of Management Ahmadabad

DOI:

https://doi.org/10.33516/maj.v54i4.33-36p

Abstract

Reforming the language of public sector accounting is required in order to enhance the accountability and transparency of the government. This would result in better allocation of resources and would invoke a sense of responsibility in the institutions. Twelfth and thirteenth finance commission of India has also supported the implementation of International Public Sector Accounting Standards (IPSAS) for improving the government accounting systems. India, as a developing nation, has already established itself in the field of accounting and is in the transitioning towards the global accounting practices from the local ones. Under the given set of variations across economic and political subsystems of the states within the country, it still has a long way to go.

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Published

2019-04-01

How to Cite

Chopra, S. I. (2019). IPSAS: Reforming Public Sector Accounting Language. The Management Accountant Journal, 54(4), 33–36. https://doi.org/10.33516/maj.v54i4.33-36p

Issue

Volume 54, Issue 4, April 2019

Section

Cover Story
Crossref
Scopus
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Europe PMC

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