On public sector accounting change: Epistemic communities, consultants, naive officials and a reply to humphrey

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Notes

1. For example, Carnegie and Wolnizer's (1995) powerful challenges remain essentially unanswered by the profession or the standard setters.

2. The NSW Treasury officials reported that ‘about half of the 50 States’ had undertaken to adopt GAAP reporting with an Operating Statement characterised by:

• Inventories and prepaid expenses reported using the purchases method.

• Recreation leave and superannuation liabilities (optional treatment) recognised at amount due.

• Revenue measured on a ‘measurable and available’ basis.

It was also noted that depreciation was not recognised and that budgeting was done on a cash basis.