Consolidation in the public sector: a cross-country comparison

Abstract

This article analyses consolidated annual accounts in the public sector in six countries (Sweden, the UK, the USA, Canada, New Zealand and Australia) highlighting the differences and similarities in approaches. The authors also examine international trends and take an in-depth look at the International Public Sector Accounting Standards Board (IPSASB).

Acknowledgements

The authors would like to thank the following people for their helpful comments on drafts of this article: Sue Newberry; Klaus Lüder, James L. Chan, David Heald and Torbjörn Tagesson.