Elements of a Theoretical Framework for Public Sector Accounting

Abstract

Suggests a notion of community assets based on common property that recognizes the fundamental importance of accountability and democratic control over resources in the public sector, the sociopolitical nature of accounting, and the need to give visibility to public as well as private interests. The development of such a concept has immediate effects on the way the accounting entity and the relationship between government and society are viewed and may even have ramifications for accounting in the “private” sector.

Citation

Pallot, J. (1992), "Elements of a Theoretical Framework for Public Sector Accounting", Accounting, Auditing & Accountability Journal, Vol. 5 No. 1. https://doi.org/10.1108/09513579210008244