From draft to accounting standard: stakeholders’ views on heritage assets in the IPSASB’s due process
Year: 2026
Type: article
Abstract: IMPACTThis article provides valuable insights for international and national public sector accounting standard setters, auditors, public sector financial managers and technical advisors involved in implementing or adapting IPSAS-based frameworks. Focusing on the transition from IPSAS 17 to IPSAS 45 (through ED 78), the authors demonstrate how stakeholder backgrounds shape both their participation in due process activities and their viewpoints on heritage asset (HA) reporting. By unpacking tensions between the different objectives of financial reporting (decision-usefulness and stewardship), the study helps practitioners anticipate interpretative challenges in recognition, measurement, and disclosure. It also clarifies to what extent IPSAS 45 reflects stakeholder concerns, and where practical or conceptual ambiguities remain. For senior policy-makers and technical specialists, the article offers evidence-based insights to strengthen consultation strategies, enhance implementation planning of accrual-based reforms, and design more inclusive engagement mechanisms. Ultimately, it supports more legitimate, transparent, and operationally feasible HA reporting in the current public sector context.
Source: Public Money & Management
Institution: Roma Tre University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7155013967