Authors: Dimitrios Komninos, Zacharias Dermatis, Christos Papageorgiou, Panagiotis Liargovas

Title: The significant role of European Union Public Sector Accounting Standards (EPSAS) in the public sector. The case of Greece

Abstract

The paper explores the prominent role of EPSAS in shaping public sector accounting practices, with a specific focus on their implications within Greece. By analyzing the case of Greece, the study investigates how the adoption of EPSAS has impacted financial reporting, transparency, and accountability in the public sector. The research highlights the challenges and advantages of implementing EPSAS within the Greek context, emphasizing their role in enhancing fiscal management, facilitating meaningful financial comparisons, and aiding informed decision-making. Through this examination, the paper underscores the significance of EPSAS in driving harmonization and efficiency in public sector accounting practices, contributing to improved financial governance and aligning Greece with broader European standards.