More than a compliance exercise? The case of consolidated financial accounts in Swedish municipalities

• IMPACT This study shows that consolidated financial accounts (CFAs) do not only appear to be useful from a municipal financial accounting perspective. For serious adopters, who change their behaviour and adapt their strategy in line with the information provided, CFAs seem to be a powerful tool for monitoring and governance purposes. ABSTRACT The authors analyse the effect of deregulation in the case of the removed requirement for Swedish municipalities to prepare consolidated financial accounts (CFAs) in their interim reports. The findings show that deregulation led to a statistically significant, but not substantial, reduction in CFAs. Municipalities with many municipal corporations tended to continue preparing CFAs. CFAs therefore appear to be more than a compliance exercise, as they are being used for monitoring and co-ordination purposes

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

SAMHÄLLSVETENSKAP  -- Statsvetenskap -- Studier av offentlig förvaltning (hsv//swe)

SOCIAL SCIENCES  -- Political Science -- Public Administration Studies (hsv//eng)

Nyckelord

Consolidated financial accounts (CFAs); consolidated reporting; deregulation; interim report; municipalities; public sector; Whole of Government Accounts (WGA)

Consolidated financial accounts (CFAs); consolidated reporting; deregulation; interim report; municipalities; public sector; Whole of Government Accounts (WGA)

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)