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Public‐Sector Accounting:A Common Reporting Framework? A Rejoinder
Author(s) -
Barton Allan D.
Publication year - 2002
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2003.tb00210.x
Subject(s) - accounting , public sector , private sector , business , public accounting , positive accounting , economics , accounting information system , financial accounting , audit , economic growth , economy
This article responds to some criticisms in Newberry's recent article in Australian Accounting Review concerning whether there is, or should be, a common reporting framework for public‐sector and private‐sector accounting. The Public Sector Accounting Standards Board supported this approach. Here, it is argued that business accounting is not appropriate for those parts of the public sector concerned with the provision of public goods to citizens. Following this article is a further rejoinder by Carnegie and Wolnizer, and a response by Newberry to both commentaries.