Tangible Capital Assets, even if often explaining the largest part of the resources managed by public sector reporting entities, stay outside the scope of the cash based reporting system that has long prevailed and still prevails in that sector. Therefore, when those entities have started to...

State-owned enterprises (SOEs) are legally private entities used in many jurisdictions to satisfy public needs, mostly through extensive consumption of public funds. While the nature of purposes pursued and of resources employed affects their accountability in a public sense, their financial...