Table 1: Reasons for applying a full accrual-based accounting according to the IPSAS1. Accrual accounting is more effective than cash or modified cash based accounting in givinginformation of the financial position and performance of government2. Accrual accounting gives a better financial integrity assurance compared to cash or modified cash based accounting3. The fight against corruption is easier with accrual accounting than with cash or modified cash based accounting4. IPSAS conform to international organizations or development aid providers5 It is more efficient to make use of the knowledge of the IPSAS Board than to create own accrual standards in the Vietnamese government.6 . IPSAS enhance information transparency and accountability of government tocitizens, voters, their representatives, and the general public.7. IPSAS are a benchmark for evaluating and improving government accounting in the world.8 IPSAS enhance (inter)national comparability of financial information of the Vietnamese government with other governments.9 IPSAS facilitate the consolidation of financial statements better than our present accounting system.
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