Conceptual framework issues: Perspectives of Australian public sector stakeholders

Ralph Oliver Kober, Janet Lee, Juliana Ng

Research output: Contribution to journalArticleResearchpeer-review

3 Citations (Scopus)


Recent international developments have refuelled the debate on public sector conceptual framework issues. Drawing on the Australian experience, this study surveys stakeholders of public sector financial reports to examine issues of concern in the development of concepts, definitions and principles pertinent to a public sector conceptual framework. The empirical evidence reveals varying degrees of consensus to questions relating to the objectives of financial reporting, the boundaries of financial reporting and financial statement elements. Respondents are generally not supportive of a single conceptual framework for both private and public sectors. The study also draws on the practices from other countries to provide a more insightful analysis. The study informs the progress of the development of a public sector conceptual framework by highlighting areas that need attention and identifying challenges that exist for standard setters in the further development of a conceptual framework that meets the needs of the public sector.
Original languageEnglish
Pages (from-to)495 - 518
Number of pages24
JournalAccounting and Business Research
Issue number5
Publication statusPublished - 2012

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