Economic Sustainability Through IPSAS: A Global Perspective

The purpose of this study is to discuss the benefits and challenges associated with adopting International Public Sector Accounting Standards from a global perspective and analyze the impact of adopting international public sector accounting standards on economic sustainability. This study is based on the collection and analysis of previous studies dealing with international public sector accounting standards. The study results indicate that adopting international accounting standards for the public sector has a role in improving the preparation of financial statements on a reliable and transparent basis, thereby enhancing economic growth and contributing to the sustainability promoted by IPSAS. The implications of this study imply that it may contribute to enhancing the understanding of policymakers and academics in the public sector on how the adoption of international accounting standards for the public sector can improve economic sustainability globally.