Participation and influence of respondents in the definition of accounting elements in the new conceptual framework for public sector entities

Abstract

In public sector, research aimed at understanding who participants are in the process of developing standards, the incentives for these participations and influence they have on the regulator are still incipient both nationally and internationally. In this sense, this study sought to identify the stakeholders in the section that deals the definition and recognition of elements of financial statements in the new Conceptual Framework for public sector entities, characterizing possible incentives and determinants of influence in the disclosure of standard. For this, were analyzed, in each of 40 letters sent comments, the 13 questions discussed in Exposure Draft n. 2, with contributions from 19 countries across five continents. The results point to an alignment between the constituents and the regulator. It is possible to observe that from the total of comments received, approximately 42.4% were accepted by the IPSASB, and it is not possible to state that the decision to accept the recommendations is dependent on the group of interest the letter was sent. However, there is an association between the regulator's decision to follow the respondents' comments and the continent from which they were sent. In addition, with the use of a Logit regression model, it was observed that both the concordant and the discordant comments influenced the process of elaboration of the norm. Another relevant aspect is that the representation with the IPSASB, the letters from the Anglo-Saxon countries and the United States are representative to have exerted influence on the board.