Abstract

VELASQUEZ GRACIANO, Oscar Darío  and  VIDAL PEREZ MORALES, José. Convergence of International Accounting Standards in the Public Sector (IPSAS): A Comparison between Colombian and Chilean Models. Cuad. Contab. [online]. 2018, vol.19, n.47, pp.24-59. ISSN 0123-1472.  https://doi.org/10.11144/javeriana.cc18-45.cnic.

This article aims to make known the advances being developed in some Latin-American countries, particularly in Colombia and Chile, through the process of convergence with the International Financial Reporting Standards (IFRS) in the Public Sector as issued by the International Sector Public Accounting Standards Board (IPSASB®), making part of the International Federation of Accountants (IFAC), an institution in charge of issuing the accounting standards for the public sector. The institutions guaranteeing these normative changes are, in the Colombian case, the Ministry of the Treasury and Public Credit with its Administrative Unit of the Nation’s General Accounting Office; and in the Chilean case, the General Comptroller’s Office of the Republic of Chile. To attain the aim, this work will use the legal and accounting information from the regulatory institutions in each country, some articles related to the International Public Sector Accounting Standards, the IFAC website, among other things.

Keywords : International Public Sector Accounting Standards (IPSAS); governmental entity; conceptual framework; recognition; measuring; disclosure; accounts catalogue.

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