International Public Sector Accounting Standards, Good Governance and Crime Index: An International Evidence

The purpose of this study is to investigate the effect of International Public Sector Accounting Standards (IPSAS) on good governance and, therefore, crime index. To investigate this issue, data related to the status of the public sector accounting system, good governance indicators as well as crime index of 30 countries in the period 2015 to 2019 are collected and analyzed. This paper shows that implementing IPSAS will improve the quality of good governance and decrease crime index. Furthermore, these associations are stronger for developing countries. Overall, based on the evidence of this study, the adoption of IPSAS will have positive impacts on the quality of governance and improve social indicators, including crime rates.