Question
I would like you to explore how electronic financial reporting can evolve in the public sector, the approach which public entities should take as they
I would like you to explore how electronic financial reporting can evolve in the public sector, the approach which public entities should take as they consider this major step towards greater transparency and timeliness, as well as the issue of cost-benefit analysis, which many governments ponder as they consider this option. Should governments be required to publish their report, for example in XBRL as publicly traded companies are currently required to do so? I would like you to discuss this subject through an initial review of current literature on electronic financial reporting in governments and examine this issue from both a users as well as a preparers and auditors perspective.
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