International Financial Reporting Standards corruption accounting standards
Issue Date:
5-Nov-2020
Publisher:
Institute of Mathematics and Informatics Bulgarian Academy of Sciences, Association for the Development of the Information Society
Citation:
Proceedings of the National Conference on "Education and Research in the Information Society", Plovdiv, November, 2020, 077p-087p
Series/Report no.:
ADIS;2020
Abstract:
In Europe and most other countries, public sector governments and institutions still
do not apply accounting standards, as they do in the private sector. The private sector applies
International Financial Reporting Standards (IFRS) or National Accounting Standards.
The main difference is that in the public sector, financial reporting is monetary. Assets, liabilities
and financial result are not reported.
This problem affects the responsibility and honesty of the people who run the country now,
towards society, future generations and towards future rulers, creates conditions for corruption
and abuse.
Description:
Report published in the Proceedings of the National Conference on "Education and Research in the Information Society", Plovdiv, November, 2020
