EXPLORING THE IDIOSYNCRASIES OF STATE-OWNED ENTERPRISES IN THE WHOLE OF GOVERNMENT PICTURE

CIOLOMIC Ioana-Andreea, Babes-Bolyai University

BELEIU Ioana Natalia , Babes-Bolyai University

Abstract:
State-owned enterprises, as controlled entities by governments, are present all over the world as a result of privation, nationalization or on the strength of financial and social issues, representing an important part of the governmental financial situations. The purpose of the paper is to illustrate the complexity surrounding the meaning of the term SOE as controlled entity since this term is crucial for the aim of governments to increase its accountability and transparency. A content analysis of responses to the IPSASB Consultation Paper (CP) concerning SOEs has been used. Based on our study, we conclude that a definition is necessary as emerging countries need to have clearly established boundaries of their financial statements and, most of the time they do not have the necessary resources as professional bodies, qualified personnel, to fulfil their obligations as regulators.

Keywords: State-Owned Enterprises, Public Entities, International Public Sector Accounting Standards, Consultation Paper

JEL Classification: M41, M48, H71

Volume: 72, Issue: 1

Pages: 46 - 56

Publication date: April, 2020

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/72105ciolomic&beleiu.pdf

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