Full article By Nick Mann is attached | 14 May 2013
''...More governments actively plan to use accrual accounting over the next five years, according to a survey published yesterday.
Just 24% of 100 countries that responded to a PricewaterhouseCoopers survey said they currently used the approach for their central government accounts. But 37% said they planned to start using it over the next five years. PwC said this would represent a rise of 142%.
The report, Towards a new era in government accounting and reporting, found the change was expected to be particularly significant among developing countries. Just 10% of the 68 non-Organisation for Economic Co-operation and Economic Development countries surveyed said they currently used accrual accounting, but 60% planned to do so within the next five years.
This will bring the developing countries broadly into line with OECD members. Of the 32 OECD countries, 59% currently use accrual accounting for their central government accounts, a percentage that is expected to increase to 69% over the next five years...''
http://www.pwc.com/en_GX/gx/psrc/publications/assets/pwc-global--ipsas-survey-government-accounting-and-reporting-pdf.pdf
