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`Sector Neutrality‘ and NPM‘Incentives’: Their Use in Eroding the Public Sector
Author(s) -
Newberry Susan
Publication year - 2003
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.tb00397.x
Subject(s) - neutrality , incentive , transparency (behavior) , accounting , public sector , accountability , financial sector , business , economics , new public management , public administration , public economics , finance , political science , market economy , law , economy
Despite New Zealand̂s public‐sector reformers' claims that financial reporting changes promote competitive neutrality and improved accountability and transparency, privatisation‐favouring “incentives” were designed into the system at a hidden detailed level. That distorted system has been encompassed within the accounting profession's standard‐setting activities through standard‐setters' erroneous claims, in Australia and New Zealand, that the accounting profession's conceptual framework and accounting standards are sector‐neutral. These claims help to conceal the fact that the public‐sector financial management system has been designed to be partial, with its incentives structured to erode the public sector and favour privatisation.