Governmental Financial Reporting of Heritage Assets from a User Needs Perspective
Financial Accountability & Management Accounting, Forthcoming
Posted: 18 Oct 2012
Date Written: October 18, 2012
The implementation of IPSASs in European Union countries and the harmonization of governmental financial reporting are intended to respond to the needs of citizens. An important characteristic of reforms to governmental accounting and financial reporting is the incorporation within the accounting systems of all public authority assets, which include the case of ‘heritage assets’. This paper investigates to what extent IPSAS 17 responds to user needs of governmental financial reporting about heritage assets by conducting a survey of mayors and councillors in the Italian local government.
Keywords: IPSAS 17, user needs, heritage assets, local government
JEL Classification: M4
Suggested Citation: Suggested Citation