Exploring the desirability and feasibility of reforming china's governmental accounting system

Chang, C. Janie; Chen, Gongmeng; Chow, Chee W.

doi:10.1108/jpbafm-20-04-2008-b006

Cited by 9 publications

(6 citation statements)

References 11 publications

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“…According to Caba (2001), most research in the field of governmental accounting concerns Anglo-Saxon and European countries. Nevertheless, recent studies have addressed Latin America (Araya Leandro, 2010;, Malaysia (Rakoto, 2008;Saleh, 2007) and China (Chang et al, 2008), while others have examined the situation in African countries (Godfrey et al, 1995(Godfrey et al, , 1996(Godfrey et al, , 1997Merrouche et al, 1996). However, to date, there does not appear to have been any such work regarding the Middle East.…”

Section: Introductionmentioning

confidence: 99%

The development of public accounting transparency in selected Arab countries

Abushamsieh

López‐Hernández

Ortiz-Rodríguez

2014

International Review of Administrative Sciences

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The aim of this article is to analyse the level of public financial information disclosed by certain Arab countries in the Middle East, in view of calls for greater transparency and international trends in this respect. Accordingly, we examined the financial reports published online by the selected countries, contrasting them with the financial statements and contents proposed in the International Public Sector Accounting Standards (IPSAS) issued by the International Federation of Accountants. The results show that the Arab countries analysed present a low level of public financial information. They all present similar degrees of compliance with IPSAS 1 and 2. Nonetheless, we can observe that aid-receiving countries are implementing the policies stipulated in the international recommendations in response to the demands of donors and international agencies. Countries with oil revenues experience less pressure to implement the IPSAS. Points for practitioners The findings of this article may be of interest to public managers in all the selected Arab countries, especially those in the public administrations of the Gulf Cooperation Council countries and to consulting companies in the Gulf region. The analysis made of financial legislation and of the IPSAS 1 and 2 indexes for the selected countries may encourage them to initiate a process of financial reforms.

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Section: Introductionmentioning

confidence: 99%

The development of public accounting transparency in selected Arab countries

Abushamsieh

López‐Hernández

Ortiz-Rodríguez

2014

International Review of Administrative Sciences

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“…A few examine issues such as whether PSAA should be adopted in China (Chang et al. 2008) and the preparedness of PSAA adoption in Malaysia (Ismail et al. 2018), while others are comparisons of PSAA implementation levels in developing countries such as Nepal and Russia (Timoshenko and Adhikari 2010) or comparisons of many countries (Chow and Pontoppidan 2019; Mnif and Gafsi 2020).…”

Section: Literature Review Analysismentioning

confidence: 99%

“…These studies examine areas which are within the classification for our review articles such as antecedents (Marwata and Alam 2006), implementation (Caperchione 2003;Christiaens 2003;Jorge et al 2007;Anessi-Pessina et al 2010;Harun et al 2012;Prabowo et al 2017;Sylvia et al 2018), effect (Caruana and Zammit 2019) or critique (Mol and de Kruijf 2003). A few examine issues such as whether PSAA should be adopted in China (Chang et al 2008) and the preparedness of PSAA adoption in Malaysia (Ismail et al 2018), while others are comparisons of PSAA implementation levels in developing countries such as Nepal and Russia (Timoshenko and Adhikari 2010) or comparisons of many countries (Chow and Pontoppidan 2019;Mnif and Gafsi 2020). The experiences of statutory authorities such as hospitals in Norway (Pettersen and Nyland 2011) and public universities in countries such as Thailand (Upping and Oliver 2012) and Italy ) are also examined.…”

Section: Other Literature: Scopus Papersmentioning

confidence: 99%

Accrual Accounting at Different Levels of the Public Sector: A Systematic Literature Review

Azhar

Alfan

Kishan

et al. 2021

Australian Accounting Review

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This paper has two main objectives. Firstly, it reviews relevant literature on the experiences of different levels of governments worldwide in adopting public sector accrual accounting (PSAA). Secondly, it critically analyses these studies and seeks to identify gaps in the extant literature to provide suggestions for future research. We reviewed and analysed 136 peer‐reviewed journal articles on PSAA over a 23‐year period spanning different levels of government worldwide. Our review and analysis suggest that the adoption of PSAA by different levels of government worldwide has been a long and complex process requiring possibly substantial implementation costs that are undisclosed to the public. Owing to the absence of high‐quality research providing empirical evidence of the benefits of PSAA, we conclude that thus far, the benefits of PSAA to government and citizens have yet to be substantiated. A limitation of this paper is that it is confined to the keywords used in the literature search. Nonetheless, the approach of aggregating and analysing these articles collectively allows this paper to not only provide useful insights into understanding the determinants and outcomes of PSAA but also to offer meaningful directions for future research with regards to multi‐level PSAA.

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“…Following this, the accrual-basis began to be adopted by other governments in a project of convergence with international standards. Thus, some international organizations, such as the OECD 2 and the North Atlantic Treaty Organization (NATO) 3 , have already adopted IPSAS to prepare their financial statements (Benito et al, 2007;Brusca et al, 2016), while others, such as the IMF, the WB and the Inter-American Development Bank (IDB), have proposed different governments to adopt or adapt their standards to the IPSAS model (Chang, Chen, & Chow, 2008). In the same way, the IMF adopted the accrual basis for Government Finance Statistics (GFS) in 2001.…”

Section: Box 1 Governmental Accounting Practicesmentioning

confidence: 99%

Reforma contábil do setor público na América Latina e comunidades epistêmicas: uma abordagem institucional

Neves

Villegas

2020

Rev. Adm. Pública

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Latin American countries have undergone a growing interest in international accounting standards. Several countries are making progress in the adoption of international standards driven by diff erent internal factors as well as external dynamics. Th e role of experts in the design of public policies associated with international standards has been studied by the epistemic community theory, which is the theoretical framework used in this study to address the infl uence of diff erent international organizations on the adoption of IPSAS in Brazil and Colombia. Th is paper discusses the isomorphic institutional pressure exerted over the governments of these two countries in order to meet an international standard considered to be adequate. Meanwhile, the emerging trend towards the adoption of IPSAS in Latin America continues to grow, although some obstacles to achieving the goals defi ned in the reform arise.

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Exploring the desirability and feasibility of reforming china's governmental accounting system

Cited by 9 publications

References 11 publications

The development of public accounting transparency in selected Arab countries

The development of public accounting transparency in selected Arab countries

Accrual Accounting at Different Levels of the Public Sector: A Systematic Literature Review

Reforma contábil do setor público na América Latina e comunidades epistêmicas: uma abordagem institucional

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