Consolidated financial reports in local government: a comparative analysis of IPSASB and SCMA

Giuseppe Grossi, Torbjörn Tagesson

    Forskningsoutput: Bok/rapportRapport

    Sammanfattning

    Municipal and local governments seem to use other entities to a larger extent to organise and co-ordinate their activities. Thus the need and demand for consolidated financial statements has been observed in several countries as well as by international standard-setters such as the International Public Sector Accounting Standards Board (IPSASB). Sweden introduced consolidated financial statements in municipalities and local governments in the 1980s and is one of the few countries where consolidated financial statements for municipalities and local governments are fully implemented. The aim of this study is to analyse similarities and differences in the approach to consolidated financial statements in standards issued by the IPSASB and the Swedish Council for Municipal Accounting (SCMA). The analysis is based on data from documentary studies and interviews. The results show that the two standard-setters approach the problem of consolidation quite differently. While the IPSASB seems to emphasise decision-making, the SCMA accentuates accountability. As a result, the standard-setters come to different conclusions about such matters as concept of control, valuation and methods of consolidation.

    OriginalspråkEngelska
    UtgivningsortKristianstad
    FörlagDepartment of Business Studies, Kristianstad University College
    StatusPublicerad - 2007

    Publikationsserier

    NamnWorking paper series
    Nr.2007:4
    ISSN (tryckt)1650-0636

    Nationell ämneskategori

    • Företagsekonomi (50202)

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