Autore
Cordaro, Vincenzo

Titolo
Il sistema contabile sotteso ai principi ITAS: una prospettiva comparata con i principi contabili IAS/IFRS e IPSAS
Periodico
Rivista italiana di ragioneria e di economia aziendale
Anno: 2025 - Volume: 125 - Fascicolo: 5/8 - Pagina iniziale: 281 - Pagina finale: 311

The accounting system underlying the ITAS principles: comparison with IAS/IFRS and IPSAS accounting standards. This research examines the accounting system underlying the Italian national accounting standards for the public sector (ITAS), comparing it with international standards IAS/IFRS and IPSAS. The objective is to delineate the nature of the ITAS accounting system, analyzing its position in the debate between asset-liability and revenue-expense approaches. The study applies a theoretical framework based on ten key dimensions, derived and expanded from the work of Costa et al. (2024), to assess asset-liability and revenue-expense tendencies in various accounting standards corpora. Through a comparative evaluation, the research explores how ITAS balances these perspectives, highlighting elements of continuity and innovation compared to international standards. The methodology includes a content analysis of selected accounting standards, employing an evaluation scale for each framework dimension. The results reveal that while IAS/IFRS and IPSAS demonstrate a strong asset-liability view, ITAS exhibits a more balanced integration of both asset-liability and revenue-expense views, reflecting an adaptation to the specific needs of the Italian public sector. This equilibrium presents opportunities and challenges, particularly regarding valuation criteria selection and implementation consistency across different public entities. This work's originality lies in its comprehensive comparative analysis of ITAS principles, offering insights into how a national public sector accounting system adapts to international standards while maintaining distinct characteristics. By employing a multidimensional framework, the study provides a nuanced understanding of ITAS's theoretical underpinnings, contributing to the broader debate on public sector accounting evolution. The study identifies significant implications both for public administration and its stakeholders, highlighting how different valuation approaches affect both internal governance and external accountability. By highlighting ITAS's balanced approach, the study may inform future developments in public sector accounting standards, both in Italy and internationally. The goal is to enrich the discourse on public accounting evolution in Italy and stimulate reflections on adapting accounting standards to public sector peculiarities in a context of increasing harmonization at European and international levels. The forthcoming implementation of the pilot phase by designated public administrations, commencing in 2025, provides new opportunities for empirical research to validate these theoretical findings.



SICI: 1593-9154(2025)125:5/8<281:ISCSAP>2.0.ZU;2-L
Testo completo: Public accounting system, accounting harmonization, accrual accounting, asset-liability view, revenue-expenses view

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