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Governmental Financial Reporting of Heritage Assets From a User Needs Perspective
Author(s) -
Aversano Natalia,
Christiaens Johan
Publication year - 2014
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/faam.12032
Subject(s) - harmonization , accounting , business , governmental accounting , perspective (graphical) , finance , government (linguistics) , accounting information system , financial accounting , fund accounting , linguistics , physics , philosophy , artificial intelligence , computer science , acoustics
The implementation of IPSASs in European Union countries and the harmonization of governmental financial reporting are intended to respond to the needs of citizens. An important characteristic of reforms to governmental accounting and financial reporting is the incorporation within the accounting systems of all public authority assets, which include the case of ‘heritage assets’. This paper investigates to what extent IPSAS 17 responds to user needs of governmental financial reporting about heritage assets by conducting a survey of mayors and councillors in the Italian local government.