Public Sector

Since the 90s, public organizations saw their surroundings changing gradually.

While they were historically governed by the specific accounting rules, the legislature wished to bring some of them under obligation to publish individual accounts and consolidations following a synchronized accounting regulation applicable for commercial or industrial companies.
Several decisions were made in this sense, and the reliability of financial information that was since produced was entrusted to the statutory auditors.

This is a major innovation for the public sector that has long been placed directly under the authority of the Court of Auditors, and therefore subject to control primarily oriented towards the evaluation of efficiency and the efficiency of budget management and the public policy put in place.The task of the statutory auditor is essentially distinguished by its attributions and objectives as follows: where the Court of Auditors reports on the proper usage of public funds, the statutory auditor is a guarantor of the quality of financial information presented in the accounts.

In this context, public organizations find themselves confronted with two major problems:

  1. How to understand the first year of certification of annual accounts
  2. How to guarantee a drafting process of reliable accounting information

Within the JPA firm, we are aware of these issues and we put our experience from the public sector into the service of our legal auditing tasks