Template-Type: ReDIF-Article 1.0
Author-Name: Michal Svoboda
Title: Modernisation of Public Sector Financial Reporting Systems in Europe - Challenges and Milestones
Abstract: Many European countries have been carried out a modernization projects in public sector financial reporting since the last two decades. Consequence of a stronger demand for complex, reliable and relevant economic information on government is governments´ efforts towards better accountability. IPSAS standards, a full accrual national financial reporting standards closed to, or national standards with clear reference to IPSAS, are often considered as the best tool for that. This article aims to identify key challenges and milestones - four key aspects of these public sector financial reporting modernization projects. It offers a comparison amongst several European countries comparing the ways these countries decided to deal with those challenges and milestones.
Keywords: IFRS, Public sector, Governmental Accounting, IPSAS
Classification-JEL: H83, M41, M42, M48
Pages: 05-16
Volume: 2016
Issue: 4
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=171.pdf
File-URL: http://www.vse.cz/efaj/171
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:4:id:171:p:05-16
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/171

Template-Type: ReDIF-Article 1.0
Author-Name: Filip Hrůza
Author-Name: Petr Valouch
Title: Public Sector Accounting Policy Reform in the Czech Republic: Experience from Local Governments (pilot)
Abstract: The Czech Republic has recently introduced and implemented public sector accounting reform. The aim of the reform was to make the Czech public finance system more transparent, efficient and realistic. The authors of this reform, in fact, intended to bring public sector accounting and public financial management closer to private sector practices that, from their point of view, fulfil the reform goals previously mentioned. After a few years of functioning in this new accounting environment, certain associated points and problems have arisen that have to be tackled. The aim of this paper is to describe public sector accounting reform and its post-implementation process to current state in the Czech Republic based on pilot empirical research mirroring the opinions and experience of municipal Chief Financial Officers and its comparison with similar examples from other countries. The pilot sample for this research consists of municipal Chief Financial Officers and the research method is based on questionnaires and interviews with them. Results and findings achieved by this pilot research show that the reform of the new public sector accounting system in the Czech Republic has been developed in very extended scope in comparison with other countries, estimated costs perceived by users (local governments) are prevailing over advantages and benefits and thus there was identified certain degree of scepticism which may disrupt further efficient and positive use of this new accounting system.
Keywords: Financial management, Accounting, Public sector, Municipal, Reform
Classification-JEL: M41, M48
Pages: 17-38
Volume: 2016
Issue: 4
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=172.pdf
File-URL: http://www.vse.cz/efaj/172
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:4:id:172:p:17-38
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/172

Template-Type: ReDIF-Article 1.0
Author-Name: Slobodan Kacanski
Title: ICT in Auditing: Impact of Audit Quality Norms on Interpersonal Interactions
Abstract: Productivity incentives have lately been driving auditors to introduce and utilize various computer-based tools to assist their work. The aim of this study is to understand how and why productivity incentives may disturb interpersonal interaction and relations between auditors at different ranks, in the context of assurance service. A case study was carried out with auditors affiliated with Danish subsidiaries of Big 4 audit firms to inspect the implementation and utilization of global audit methodology (GAM), which is the ICT-based platform that guides subordinate auditors through the audit process. The results highlight that superior auditors tend to experience prevalent trust in ICT tool over subordinate auditors, where such conditions reduce the opportunity for experiencing comfort by subordinates, while superiors still perceive comfort due to being comfortable with procedures that are administered by the tool. Finally, this mechanism further creates conditions under which the necessity for establishing interactions and relations between auditors of different ranks become diminished.
Keywords: Global audit methodology, Information and communication technologies, Audit quality, Interactions
Classification-JEL: M42
Pages: 39-64
Volume: 2016
Issue: 4
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=173.pdf
File-URL: http://www.vse.cz/efaj/173
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:4:id:173:p:39-64
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/173