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Title Eurostat website on the development of EPSAS
Summary The crisis showed that more rigorous, transparent and comparable reporting of fiscal data is crucial at the European level. In addition, it is paramount for Member States to fulfil their obligation to avoid excessive government deficits as laid down in the Treaty, as accounting practices vary substantially across Member States, regions and local authorities. Thus, the European Commission (Eurostat) is examining the potential development of harmonised accruals- based public-sector accounting standards at European level – the European Public Sector Accounting Standards (EPSAS) – based upon the International Public Sector Accounting Standards (IPSAS).
Link http://ec.europa.eu/eurostat/web/government-finance-statistics/government-accounting
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20140917213553_Eurostat_Logo.jpg
Published Yes