The managerial decisions for the European Union under the siege of changes in the public sector accounting

This paper aims to identify and analyse the way in which public sector accounting standards are facing the challenges of national governments' decisions among the European Union. It enriches the literature by underpinning the research questions on the institutional theory throughout all three types of isomorphism paradigm (coercive, normative and mimetic). The analysis was carried out on two stages by combining complex statistical methods (multidimensional scaling technique and principal component analysis) to assess the correlation between knowledge, acceptance and necessity of international standards for accrual-based accounting at European Union level. The results show that European Union countries are familiar with the public sector standards form and content, even if there still are many differences in how these are applied. Moreover, there is an undeniable need for a referential disjunction between the public and private sector, which supports the adoption of the European Public Sector Accounting Standards as an accrual benchmark.