Public Sector Financial Reporting of Selected Developing Countries
DOI:
https://doi.org/10.46793/Rev25109.133DJKeywords:
financial reporting, public sector, developing countries, transparency, international standardsAbstract
This paper analyses the quality of public sector financial reporting in developing countries, highlighting its role in ensuring transparency, accountability and efficient management of public resources. Given the specific economic and institutional challenges that these countries face, the research focuses on a comparative analysis of regulatory frameworks, accounting practices and the degree of compliance with international financial reporting standards. The analysis shows that poor compliance with international standards, lack of capacity to implement reforms and limited availability of accurate and timely data can hamper the management of public funds and reduce public trust. It is noticeable that improving financial reporting in the public sector requires systemic reforms, better implementation of accounting standards and strengthening of supervisory institutions, which could contribute to increasing fiscal discipline and attracting investments.
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