Debate: If not now, then when? Covid-19 as an accelerator for public sector accrual accounting in Europe

Covid-19 is an excellent opportunity and an excellent accelerator for a reform of public sector accountint. The EU is now in a position to finance this reform without having to have any second thoughts. A plan and a budget need to be set as soon as possible. This plan should be tough on pragmatic parameters that refer to the IT, the accounting and reporting standards, the accounting education for the preparers, and citizens’ information needs.