Moving toward Transparency, Consistency, and Thoroughness
Hon. David M. Walker | January 17, 2017 |
Citizens deserve information about their government’s financial performance, says Hon. David Walker, Former US Comptroller General and Senior Strategic Advisor at PwC. All public sector entities need to move beyond cash-based accounting to accrual-based accounting in order to facilitate greater transparency and thoroughness in financial reporting. By adopting International Public Sector Accounting Standards, governments will also provide greater comparability between the financial statements of different countries.