How useful is consolidation of public sector entities' financial statements ?

Détails

Ressource 1Télécharger: BIB_F3D12CE46118.P001.pdf (298.09 [Ko])
Etat: Serval
Version: de l'auteur
ID Serval
serval:BIB_F3D12CE46118
Type
Rapport: document publié par une institution, habituellement élément d'une série.
Sous-type
Working paper: document de travail dans lequel l'auteur présente les résultats de ses travaux de recherche. Les working papers ont pour but de stimuler les discussions scientifiques avec les milieux intéressés et servent de base pour la publication d'articles dans des revues spécialisées.
Collection
Publications
Titre
How useful is consolidation of public sector entities' financial statements ?
Auteur(s)
Soguel N., Bucher R.
Institution
IDHEAP
Date de publication
2013
Genre
Working paper de l'IDHEAP
Langue
anglais
Nombre de pages
15
Notes
Paper presented at the 2013 Annual Conference of the EGPA-European Group for Public Administration in the permanent Study Group "Public Sector Financial Management" Edinburgh, Scotland, September, 11 to 13 2013
Résumé
Whether or not to consolidate financial statements is dealt with in IPSAS#6. This standard is by and large based on IAS#27. It deals with the criterion according to which an entity's financial statements should be considered and which consolidation technique should be used. However, it remains silent when it comes to exposing the reason why a public sector entity should consolidate its financial statements. The literature is almost as silent as IPSAS on this issue. Which means that there is a lack of both theoretical and empirical knowledge on this subject. This paper explores the usefulness of the consolidation of financial statements (CFS) for different categories of users. It aims at investigating for which purposes consolidation is most useful and whether enlarging the scope of the consolidate group serves these purposes. Five purposes are considered: information, decision- making, accountability, risk-assessment, statistics improvement. The paper also aims at investigating if some categories of users consider CFS more useful than others. The issue is essentially empirical. Therefore it is examined in light of the results of an in-person interviews. We surveyed 25members of parliament, officials, creditors, and consultants of the Swiss central government. The results show that consolidating FS is considered especially important and useful for risk- assessment, information and accountability and to a somewhat lesser extent for decision-making and statistics improvement. Extending the scope of CFS may improve the situation when it comes to statistics but it would only marginally make CFS more relevant for decision making. Consultants and, to a lesser extent, members of the finance ministry are those respondents who deem the scope enlargement to be the most useful.
Mots-clé
Accounting, consolidation, IPSAS 6, survey, users' needs
Création de la notice
25/08/2015 7:49
Dernière modification de la notice
03/03/2018 22:43
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