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
E-mail: amw48@leicester.ac.uk
Fred Mear, Leicester Business School,
de Montfort University
E-mail: fcmacc@dmu.ac.uk
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:
www.ifac.org/news-events/2016-02/ipsasb-publishes-exposure-draft-61-proposing-revisions-cash-basis-ipsas
- comments are required by 31 July 2016
To download the full study go
to:
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