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Government accounting and international accounting standards for the Ecuadorian public sector

Abstract:

The International Accounting Standards for the Public Sector (IPSAS), establish the requirements for the preparation of financial reports issued by non-financial public sector entities, which are mandatory for States to comply with. In the case of Ecuador, these regulations are effective as of January 2020. The article aims to analyze the convergence of government accounting of the Autonomous Municipal Decentralized Governments of Ecuador with the International Accounting Standards for the Public Sector, specifically in the Province of Cañar. The study was carried out between January and July of 2019 in which a survey was applied in order to know the opinion of the officials on the guidelines of the governing body in relation to the process and implementation schedule of IPSAS. The results show the problems faced by the autonomous governments of the Cañar province to adapt to the requirements of convergence to international regulations, which causes severe difficulties for its implementation.