Analysis of fundamental challenges and risks related to the implementation and application of national public sector accounting standards

Abstract

The current stage of accounting reform in the budgetary sector, characterized by the transition to new international accounting standards, is being studied. The most fundamental problems and risks of the development of budgetary accounting are determined in the context of the transition to new accounting standards. For this, methods of comparison, synthesis, analysis, logical approach, systematic approach, method of analogies are applied. The practice of other countries and the specifics of national accounting are analyzed, based on which a set of recommendations is elaborated in order to avoid the existing problems in the process of carrying out the accounting reform in the budgetary sector. CZU: [657.1:006.322]:336.146(478); JEL: M40, H83, L32.