ELECTRONIC FINANCIAL DISCLOSURE WITHIN THE FRAMEWORK OF INTERNATIONAL ACCOUNTING STANDARDS IN THE GOVERNMENT SECTOR

Abstract

The electronic disclosure of the financial statements prepared in accordance with the international accounting standards in the public sector in terms of the level falls within the adequate disclosure, according to which the financial statements are comprehensive of the information necessary for an honest expression and enables to give the users of these statements a clear and correct picture of the disclosed accounting unit and In terms of type, it is the closest to comprehensive financial disclosure, including the outputs required by international accounting standards in the public sector, represented in the main financial statements and their appendices, in addition to the reports of the legislative and supervisory audit authorities, similar to the report of the independent auditor in the private sector, which gives the presented financial reports the status of justice in the presentation and honest representation of reality