This study attempts to codify good practices in financial reporting by sub-Saharan African governments. The study identifies, analyses and documents existing good practices from annual financial reports by central governments in sub-Saharan Africa. As such it provides a guide to governments wishing to improve the quality of their annual financial statements based on the approaches adopted by their peers.
The financial statements of a dozen governments of sub-Saharan Africa were reviewed to identify examples of good practice which were then analysed against the four broad indicative criteria which were developed for the study. Visits were made to Burkina Faso, Namibia and Tanzania to obtain further information and to discuss the needs of the key uses of government financial information.
Andy Wynne, School of Management,
University of Leicester
Fred Mear, Leicester Business School,
de Montfort University
This information should be used to refine international standards. Specifically, the results of this standard could be used to amend the Cash Basis IPSAS which is currently being subject to public consultation, see:
- comments are required by 31 July 2016
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