The public sector is undergoing fundamental changes in the way.... ….it operates. With more emphasis being placed on the attainment of results and on accountability, the public sector is in the process of radically overhauling its accounting system.
The introduction of accrual accounting across the whole of the public sector is at the centre of Government’s accounting reform and should lead to better financial management of public finance and to the generation of more meaningful financial information about Government finances.
The move from cash to accruals based accounting requires careful planning and monitoring. Moreover certain accounting issues require special attention when being applied to public sector entities.
Grant Thornton is a leading adviser to Government and individual public sector entities. We are fully aware of the issues affecting the public sector and are focused on delivering a range of tailored services to enable you to plan ahead and achieve your objectives.
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