International Effort to Adoption International Financial Reporting Standards for the Public Sector between the Shortcoming of Application and the Inevitability of Development

Author

Sayed Abd El Haliim Mouheny Abd Allah

Abstract

Academic researches discussed the determinants of improving the public
sector performance, one of these determinants is adopting international financial
reporting standards (IFRS), where the main objective of this research is to
identify the most important international efforts exerted for the adopting of
international standards for financial reporting for the public sector, in light of the
successive developments in accounting standards and the Competitive Pressures
of increasing competition between companies in order to attract investors.
Accordingly, the objective The analysis views of some researchers and
scientific organizations that dealt with the nature of international financial
reporting standards, and the motives affecting their is adopting, in addition to
knowing the factors affecting the decision to implement, leading to the position
of the Western and Arab countries towards the issuance and is adopting of these
standards were analyzed.
These results of the study concluded that the adopting international
financial reporting standards will attract more foreign investments to the
treasury of Arab countries, which will be reflected in improving the performance
of the public sector. These results of that study are expected to provide useful
information for investors, accounting policy makers and stakeholders.
Based on the foregoing, the scientific contribution of the study is to
explain the international efforts made to implement international financial
reporting standards in improving the performance of the public sector, which is
reflected in advancing economic development.

Download Full Article