Public-Sector Regulation of Accounting Standards Case in Pharmaceutical Industry

Authors

  • Enzlika Mirandha
  • Armin Syahdin Kaban
  • Iskandar Muda

Abstract

The problem of accounting standards is that they do not indicate the ownership of the transaction and the conformity of the transaction to the existing rules, laws and regulations. This article tries to answer the issue of regulation of public sector accounting standards. In this study using a pure literature survey and conclusions were drawn from theoretical analysis and discussion results. This research will add deeper insight into the theory of public sector accounting standards. Our research survey presents some of the thoughts of previous researchers regarding the regulatory theory of public sector accounting standards in pharmaceutical institutions. The results of our study show that the regulation of public sector accounting standards in pharmaceutical institutions has no relationship with non-profit organizations and government agencies. Regulation of public sector accounting standards in pharmaceutical agencies is very necessary for the Indonesian Institute of Accountants through the Public Sector Accountant Compartment together with the government and pharmaceutical industry associations as accountant organizations in Indonesia to draft Accounting Standards in the Pharmaceutical Industry considering that pharmaceuticals are very much needed by the public and there is a regulation of the Highest Retail Price issued by the Government.

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Published

2022-11-02

Issue

Section

Articles

How to Cite

Public-Sector Regulation of Accounting Standards Case in Pharmaceutical Industry. (2022). Journal of Pharmaceutical Negative Results, 1645-1649. https://pnrjournal.com/index.php/home/article/view/2768