The Governance Brief: Improving Government Financial Reporting: The Window to Good Governance (Issue 9-2003)
Macmillan, Graeme | June 2003
Abstract
Why should governments seek to improve their financial reporting? Is this a luxury reserved only for developed countries with a strong economy and accessible computers? The answer is no. All governments, especially those in developing countries, need good financial statements to manage their public sectors. At the very least, governments must maintain a good cashbook and record every transaction involving public funds. By recording and reporting all cash transactions in compliance with International Public Sector Accounting Standard (IPSAS) Cash Basis, governments can demonstrate their ability to manage.
Citation
Macmillan, Graeme. 2003. The Governance Brief: Improving Government Financial Reporting: The Window to Good Governance (Issue 9-2003). © Asian Development Bank. http://hdl.handle.net/11540/2650. License: CC BY 3.0 IGO.Keywords
Governance
Corporate Governance Reform
Governance Approach
Governance Quality
Public Sector Projects
Public Sector Reform
Government
Institutional Framework
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