TY - JOUR
T1 - Conceptual framework issues
T2 - Perspectives of Australian public sector stakeholders
AU - Kober, Ralph
AU - Lee, Janet
AU - Ng, Juliana
PY - 2012
Y1 - 2012
N2 - Recent international developments have refuelled the debate on public sector conceptual framework issues. Drawing on the Australian experience, this study surveys stakeholders of public sector financial reports to examine issues of concern in the development of concepts, definitions and principles pertinent to a public sector conceptual framework. The empirical evidence reveals varying degrees of consensus to questions relating to the objectives of financial reporting, the boundaries of financial reporting and financial statement elements. Respondents are generally not supportive of a single conceptual framework for both private and public sectors. The study also draws on the practices from other countries to provide a more insightful analysis. The study informs the progress of the development of a public sector conceptual framework by highlighting areas that need attention and identifying challenges that exist for standard setters in the further development of a conceptual framework that meets the needs of the public sector.
AB - Recent international developments have refuelled the debate on public sector conceptual framework issues. Drawing on the Australian experience, this study surveys stakeholders of public sector financial reports to examine issues of concern in the development of concepts, definitions and principles pertinent to a public sector conceptual framework. The empirical evidence reveals varying degrees of consensus to questions relating to the objectives of financial reporting, the boundaries of financial reporting and financial statement elements. Respondents are generally not supportive of a single conceptual framework for both private and public sectors. The study also draws on the practices from other countries to provide a more insightful analysis. The study informs the progress of the development of a public sector conceptual framework by highlighting areas that need attention and identifying challenges that exist for standard setters in the further development of a conceptual framework that meets the needs of the public sector.
KW - Conceptual framework
KW - Public sector
KW - Users' needs
UR - http://www.scopus.com/inward/record.url?scp=84871255640&partnerID=8YFLogxK
U2 - 10.1080/00014788.2012.670383
DO - 10.1080/00014788.2012.670383
M3 - Article
SN - 0001-4788
VL - 42
SP - 495
EP - 518
JO - Accounting and Business Research
JF - Accounting and Business Research
IS - 5
ER -