ACCOUNTING ENSURING OF THE TRANSPARENCY IN THE PUBLIC SECTOR: PROBLEMS OF UKRAINE AND EU EXPERIENCE

Abstract

Lack of theoretical developments and practical approaches to the study of accounting transparency stipulated the necessity of the study of information transparency in the public sector of Ukraine. The goals of this article is a research of performance indicators and transparency at the national level, as well as summarize the experience of EU countries to improve accounting transparency in the public sector to assess the feasibility of implementing such practices in Ukraine.\ We studied indicators of transparency at the macroeconomic level which allows us to comprehensively and systematically describe the level of transparency of information in Ukraine. Summarizing this study, accounting transparency can be defined as the level of public availability of accounting information, which allows users to understand the transparent indicators of enterprises for decision making. However, currently Ukraine does not establish legal, economic and regulatory environment to enhance the accounting transparency. In order to improve transparency and disclosure of accounting information, Ukraine can choose between the mandatory or voluntary regulations. Considering the realities of national development, the best for Ukraine is to use the experience of the European Union, because the at the EU level IFRS and IPSAS implementation is allowed to improve the accounting and financial reporting transparency that had a significant impact on the overall economic situation in each EU country.