ACCOUNTING AND BUDGET REPORTING IN PUBLIC ORGANIZATIONS: A TOOL FOR FISCAL TRANSPARENCY AND SUSTAINABLE GOVERNANCE
Keywords:
Accountability, Budget Reporting, Fiscal TransparencyAbstract
This study explores how public sector accounting and budget reporting can strengthen fiscal transparency and promote more sustainable, trustworthy governance. By analyzing data from 125 countries—drawn from the 2023 Open Budget Survey, IPSAS adoption reports, and the 2024 Corruption Perceptions Index—we examine how clear and accessible financial reporting impacts the quality of governance. Our findings show that countries with strong budget transparency systems tend to perform better on key governance indicators, with correlation values ranging from 0.65 to 0.72. Moreover, the use of digital tools significantly enhances transparency, with countries that embrace digital platforms seeing 35% more citizen engagement. These results suggest that transparency tools aren’t just technical measures—they’re powerful instruments for building institutional trust, curbing corruption, and supporting long-term development.
References
1. International Budget Partnership. (2023). Open
Budget Survey 2023. IBP Publications.
2. International Monetary Fund. (2024). Fiscal
Transparency Report 2024. IMF Publications.
3. International Public Sector Accounting
Standards Board. (2024). Handbook of
International Public Sector Accounting
Pronouncements. IFAC Publications.
4. Transparency International. (2024). Corruption
Perceptions Index 2024. TI Publications.
5. World Bank. (2024). Worldwide Governance
Indicators 2024. World Bank Publications.
6. Alcaide Muñoz, L., Rodríguez Bolívar, M. P., &
López Hernández, A. M. (2016). Transparency
in public sector financial reporting: The role of
digital media. Government Information
Quarterly, 33(3), 543–555.
7. Alcaide Muñoz, L., et al. (2020). Digital
mechanisms in strengthening public sector
financial transparency and accountability.
Journal of Public Sector Management, 36(2),
202–219.
8. Alim, M., Haliah, H., & Nirwana, N. (2024).
Accountability and public trust in organizational
finance. International Journal of Education and
Life Sciences, 2(10), 1165–1180.
9. Appah Ebimobowei, E., et al. (2021). The role
of internal audits in public sector governance.
Journal of Accounting Research, 38(4), 377–
392.
10. Arif. (2024). Financial reporting responsibility in
public organizations. International Journal of
Education and Life Sciences, 2(10), 1175–1179.
11. Bola, I. (2011). New development:
Transparency in the public sector. Journal of
Government Auditing, 38(1), 5–10.
12. Fung, M., Lee, C., & Tan, L. (2023). Governance
and risk mitigation in public financial reporting.
Public Sector Review, 41(1), 44–56.
13. Lucy, et al. (2013). Public sector governance
evaluation in Bengkulu Province.
14. Mahliyoxon, M. (2024). Budget accounting and
the transition to international standards.
Research and Publications, 1(1), 112–117.
15. Maxamadaliyeva, M. (2024). National and
international accounting standards in public
sector reporting. Yashil Iqtisodiyot va
Taraqqiyot, 4(5).
16. Oncioiou, I. (2020). Governance as a
communication and accountability vector.
Financial Accountability Journal, 19(2), 155–
168.
17. Ostonokulov, A., & Maxamadaliyeva, M. (2022).
Audits of state purchases and contracts
concluded on the basis of competition. Science
and Innovation, 1(8), 1102–1113.
18. Peters, M. (2023). Future challenges in public
sector financial reporting. Public Accounting
Review, 29(4), 366–379.
19. Thiran, Y., et al. (2021). Quality of financial
reporting and public accountability.
Government Finance Review, 12(2), 78–90.
20. Yang, C., & Liu, Z. (2022). Digital transparency
in the public sector. Journal of Digital
Governance, 13(1), 49–65.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
