Unifying the regulation of budget accounting

The unity of information from financial reports of economic entities from various countriesin the era of globalization takes on particular importance. To achieve such information, harmonizationand standardization of accounting rules in which the final result is financial reporting isnecessary. The data obtained from financial reports is also the basis for appraising the authoritieson the ways public funds are managed. Therefore, it is important for the included information to bereliable, credible and comparable. It can be provided by the introduction of International PublicSector Accounting Standards.