• Register
Return to: Home > News > Professional Bodies > Italy’s experience reveals the extent of the challenge for the EU’s public sectors adoption of accrual accounting

Italy’s experience reveals the extent of the challenge for the EU’s public sectors adoption of accrual accounting

Despite the European Union’s (EU) aspirations, the move to European Public Sector Accounting Standards (EPSAS) may take more time and be more difficult than anticipated as EPSAS will have to deal with a number of social, cultural, and political factors individual to each member state, according to a research by Newcastle University London professor of accounting and finance Ileana Steccolini.

In a blog post published on the IFAC knowledge gateway, Steccolini wrote that the experiences of the Italian central government’s public sector accounting reforms provide a good case study into the issues other EU member states might face when implementing accrual.

In her blog Steccolini who is also a member of CIPFA faculty board, argues that “although on the surface [public sector reporting practices] appear to be modernized, accounting and administrative systems actually remain strongly rooted in the “old” public administration bureaucratic tradition, where cash and commitment budgetary accounting still play a central role.”

The full blog post can be found on IFAC’s global knowledge gateway webpage

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.