Convergence of the Colombian public-sector regulation accounting with the IPSAS? A measurement of formal harmonization
The paper develops a measurement of formal harmonization between the regulatory Framework applicable to Government Entities and the International Public-Sector Accounting Standards (IPSAS). For this purpose, the methodology of Euclidean distances is used, a statistical tool that consists of comparin...
| Main Authors: | , |
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| Format: | Article |
| Language: | Spanish |
| Published: |
Pontificia Universidad Católica del Perú
2017-04-01
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| Series: | Contabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas |
| Subjects: | |
| Online Access: | http://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/19783 |
| Summary: | The paper develops a measurement of formal harmonization between the regulatory Framework applicable to Government Entities and the International Public-Sector Accounting Standards (IPSAS). For this purpose, the methodology of Euclidean distances is used, a statistical tool that consists of comparing and assigning a numerical score to the divergences and coincidences presented between alternative accounting principles and treatments.
It´s concluded that, despite of the advances in the convergence strategy implemented by the Contaduría General de la Nación (CGN), the entity standard-setting of public sector accounting in Colombia, there are still differences from the normative-technical point of view, which can diminish the potential benefits of a parity process with standards international of general acceptance, especially, the comparability of governmental financial information. |
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| ISSN: | 1992-1896 2221-724X |