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Building legitimacy for European public sector accounting standards (EPSAS): a governance perspective

Steccolini, Ileana and Dabbicco, Giovanna (2019) 'Building legitimacy for European public sector accounting standards (EPSAS): a governance perspective.' International Journal of Public Sector Management, 33 (2/3). pp. 229-245. ISSN 0951-3558

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Purpose: This paper looks at the EPSAS project development path to explore how governance and legitimacy issues intertwine when a new standard-setting system is developed. Design/methodology/approach: A qualitative interpretative multimethod approach is adopted, which encompasses document analysis and participative observations. Findings: The analysis shows the role of governance dimensions, including institutional participation and consensus, in the process for securing the legitimacy of accounting standards and the related setting processes, pointing to the critical issues emerging throughout the development of the EPSAS project. Originality/value: The definition of public sector accounting standards poses significant challenges to the accounting profession and regulators alike. A paradigmatic case of such challenges is represented by the decisions to develop harmonised European public sector accounting standards (EPSAS). A key contribution of this paper is to connect legitimacy dimensions with network governance, offering a view of the input, output and procedural dimensions associated with decisions to legitimise EU public sector accounting standards and how these may be affected by network governance.

Item Type: Article
Uncontrolled Keywords: EPSAS, Network Governance, Legitimacy, Accounting & Politics
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 09 Jul 2019 13:10
Last Modified: 06 Jan 2022 14:01

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