Features of public sector entity.

Features of Public Sector Entity:

  • It is owned by the government
  • It is created by an Act of Parliament
  • It is managed by board of directors appointed by the government
  • It renders essential services
  • It is not established for profit
  • It requires huge capital outlay

Accounting standard is guided by IPSAS (International Public Sector Accounting Standard)

  • It is largely funded by the government
  • It is accountable to and do report to the government
  • The employees are members of public service

1 thought on “Features of public sector entity.”

  1. Thanks For Create Such Kind Of Informative Website. All Content Is Relevant To Your Subject. Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. After See Your Niche I Have Recommended Your Website With My Friends Also. Mental Health awareness is great job. amazing Articles Read more The Top Articles

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: