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Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives

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  • Biondi Yuri

    (Cnrs – IRISSO (UMR7170, University Paris Dauphine PSL) and Labex ReFi, Paris, France)

Abstract

An important reform project is ongoing concerning harmonising Europe’s public sector accounting standards (EPSAS). The European Commission appears willing to mimic and take the international private sector accounting as frame of reference, following the same pattern of implementation for international public sector accounting standards (IPSAS) that was enacted for the IAS-IFRS. But the Member States did react in a different way, this time, showing alert, raising questions, and providing resistance in some cases. Public sector accounting shall be considered in the specific context provided by public finances in general, and by a monetary union in particular. This paper takes perspective on these specificities while raising issues (i) on the EPSAS-making governance; (ii) relationship between cash-basis and accrual-basis of accounting; (iii) accounting for governmental liabilities by Member States; and (iv) evidence of net assets under accruals-basis.

Suggested Citation

  • Biondi Yuri, 2017. "Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 7(2), pages 117-123, July.
    • Handle: RePEc:bpj:aelcon:v:7:y:2017:i:2:p:117-123:n:10
    DOI: 10.1515/ael-2017-0014
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    References listed on IDEAS

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    1. Yuri Biondi, 2016. "Public debt accounting and management in UK: Refunding or refinancing? Or, the strange case of Doctor Jekyll and Mr Hyde in the aftermath of the Global Financial Crisis," Accounting Forum, Taylor & Francis Journals, vol. 40(2), pages 89-105, June.
    2. Biondi Yuri, 2014. "Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives for Europe’s Economy and Society," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 4(3), pages 165-178, December.
    3. Biondi Yuri, 2013. "Hyman Minsky’s Financial Instability Hypothesis and the Accounting Structure of Economy," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 141-166, June.
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    Cited by:

    1. Alessandro Lombrano, 2021. "Dall?armonizzazione alla standardizzazione contabile. Quale via per la riforma degli ordinamenti contabili europei," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2021(3), pages 7-31.
    2. Yuri Biondi, 2016. "The HM ‘Treasure's Island’: The Application of Accruals-based Accounting Standards in the UK Government," Accounting in Europe, Taylor & Francis Journals, vol. 13(1), pages 81-102, April.

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