The article analyzes a number of Russian institutions that influence the development of the conceptual framework for public sector reporting and provides recommendations on accounting information system (hereinafter - AIS) which would unify the reports submitted according to different standards of accounting and reporting. The article develops a modern conceptual concept of reporting public sector entities, based on a new classification of legal entities in the norms of the Civil Code of the Russian Federation. The authors used institutional methodology in the formation of the concept of reporting entities of financial statements of public sector organizations, developed in the context of the transition to international financial reporting standards of the public sector (hereinafter - IPSAS). This methodology is based on the analysis of the regulatory framework of various related institutions: budget accounting, law, IPSAS and other economic, legal, social and international institutions. As soon as the unification of reporting under the accounting standards of Russian Federation and IPSAS is a long term process, the article provides recommendations on development of single AIS which would allow providing reports pursuant to the requirements of both standards. Besides increasing the efficiency of public sector efficiency of Russian public sector entities such AIS would also contribute to e-government development.
Volume 11 | 08-Special Issue
Pages: 416-424