Comment Letters
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Published: Feb 20, 2014
6 PagesEnglish
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IFAC Response to Eurostats Implementing European Public Sector Accounting Standards (EPSAS) for EU Member States
Public consultation on future EPSAS governance principles and structures
IFAC has strongly promoted the need for improved transparency and accountability in the public sector. In our view, robust financial reporting is essential for governments and their agencies to discharge their accountability obligations to their citizens and other resource providers. We, therefore, welcome this initiative to develop and strengthen financial reporting in the public sector within the European Union.
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