The global financial crisis reveals consolidation and guarantees to be key issues for financial sustainability
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 2014
Abstract
This paper investigates the accounting and reporting of government interventions during the most recent global financial crisis. It shows that governments do not report all their interventions as required by accounting standards. The incompleteness of information may systematically lead to erroneous decisions and therefore jeopardize financial sustainability. Particularly relevant are shortcomings in the field of consolidation and the presentation of financial guarantees.
Citation
Bergmann, A. (2014), "The global financial crisis reveals consolidation and guarantees to be key issues for financial sustainability", Journal of Public Budgeting, Accounting & Financial Management, Vol. 26 No. 1, pp. 165-180. https://doi.org/10.1108/JPBAFM-26-01-2014-B007
Publisher
:Emerald Publishing Limited
Copyright © 2014 by PrAcademics Press