The convergence of the Central American countries to International Accounting Standards
Abstract: In the last few decades, Central American countries are making a significant effort in order to modernize their governments' legislation both on financial management and systems of financial information. In this sense, these countries aim to enhance the quality of public financial inf...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Fundação Getúlio Vargas
2016-04-01
|
| Series: | Revista de Administração Pública |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-76122016000200265&lng=en&tlng=en |
| _version_ | 1818197347399630848 |
|---|---|
| author | Carlos Araya-Leandro María Del Carmen Caba-Pérez Antonio M. López-Hernandez |
| author_facet | Carlos Araya-Leandro María Del Carmen Caba-Pérez Antonio M. López-Hernandez |
| author_sort | Carlos Araya-Leandro |
| collection | DOAJ |
| description | Abstract: In the last few decades, Central American countries are making a significant effort in order to modernize their governments' legislation both on financial management and systems of financial information. In this sense, these countries aim to enhance the quality of public financial information in order to improve decision-making processes, decrease the level of corruption, and keep citizens informed. In this context, the purpose of this paper is twofold. Firstly, to assess the degree of similarity of the financial information that is being developed by Central American governments with regard to the recommendations set up by Ipsas, and secondly, to analyse the efforts and the strategies that those countries are carrying out in the process of implementing those standards. To determine the differences in the information containing the annual financial statements issued by national public authorities and the recommendations set up by Ipsas we conducted a deductive content analysis. In view of the results we can say that the quality of annual financial statements presented by the countries in Central America, in comparison to the recommendations by the Ipsas concerning Ifac information, is not enough. Hence, in order to operate significant changes, it is still necessary to create new strategies for the implementation of the Ipsas. |
| first_indexed | 2024-12-12T01:48:32Z |
| format | Article |
| id | doaj.art-cbb406644e5d46db96e5460c10488854 |
| institution | Directory Open Access Journal |
| issn | 0034-7612 |
| language | English |
| last_indexed | 2024-12-12T01:48:32Z |
| publishDate | 2016-04-01 |
| publisher | Fundação Getúlio Vargas |
| record_format | Article |
| series | Revista de Administração Pública |
| spelling | doaj.art-cbb406644e5d46db96e5460c104888542022-12-22T00:42:32ZengFundação Getúlio VargasRevista de Administração Pública0034-76122016-04-0150226528310.1590/0034-7612131665S0034-76122016000200265The convergence of the Central American countries to International Accounting StandardsCarlos Araya-LeandroMaría Del Carmen Caba-PérezAntonio M. López-HernandezAbstract: In the last few decades, Central American countries are making a significant effort in order to modernize their governments' legislation both on financial management and systems of financial information. In this sense, these countries aim to enhance the quality of public financial information in order to improve decision-making processes, decrease the level of corruption, and keep citizens informed. In this context, the purpose of this paper is twofold. Firstly, to assess the degree of similarity of the financial information that is being developed by Central American governments with regard to the recommendations set up by Ipsas, and secondly, to analyse the efforts and the strategies that those countries are carrying out in the process of implementing those standards. To determine the differences in the information containing the annual financial statements issued by national public authorities and the recommendations set up by Ipsas we conducted a deductive content analysis. In view of the results we can say that the quality of annual financial statements presented by the countries in Central America, in comparison to the recommendations by the Ipsas concerning Ifac information, is not enough. Hence, in order to operate significant changes, it is still necessary to create new strategies for the implementation of the Ipsas.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-76122016000200265&lng=en&tlng=enAmérica Centralsector públicocontabilidad públicaNICSP. |
| spellingShingle | Carlos Araya-Leandro María Del Carmen Caba-Pérez Antonio M. López-Hernandez The convergence of the Central American countries to International Accounting Standards Revista de Administração Pública América Central sector público contabilidad pública NICSP. |
| title | The convergence of the Central American countries to International Accounting Standards |
| title_full | The convergence of the Central American countries to International Accounting Standards |
| title_fullStr | The convergence of the Central American countries to International Accounting Standards |
| title_full_unstemmed | The convergence of the Central American countries to International Accounting Standards |
| title_short | The convergence of the Central American countries to International Accounting Standards |
| title_sort | convergence of the central american countries to international accounting standards |
| topic | América Central sector público contabilidad pública NICSP. |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-76122016000200265&lng=en&tlng=en |
| work_keys_str_mv | AT carlosarayaleandro theconvergenceofthecentralamericancountriestointernationalaccountingstandards AT mariadelcarmencabaperez theconvergenceofthecentralamericancountriestointernationalaccountingstandards AT antoniomlopezhernandez theconvergenceofthecentralamericancountriestointernationalaccountingstandards AT carlosarayaleandro convergenceofthecentralamericancountriestointernationalaccountingstandards AT mariadelcarmencabaperez convergenceofthecentralamericancountriestointernationalaccountingstandards AT antoniomlopezhernandez convergenceofthecentralamericancountriestointernationalaccountingstandards |