CHARACTERISTIC FACTORS FOR PUBLIC SECTOR IN FINANCIAL DISCLOSURE

Specific for public sector, the financial statements there are under the impact of several factors. Characteristic elements of the public sector should be defined and quantified as the impact on financial reporting. IPSASB (The International Public Sector Accounting Standards Board) is concerned for these aspects and develops an ED (Exposure Draft) on this topic. Through quantitative and qualitative analysis, the study will examine the themes proposed for discussion by IPSASB and how they are perceived by respondents, representatives of public institutions. The results are useful for both Romanian legislator and practitioners which can assess future trends in the public sector financial reporting.