THE CHALLENGES AND BENEFITS OF CONVERGENCE TO INTERNATIONAL ACCOUNTING STANDARDS APPLIED TO THE PUBLIC SECTOR (IPSAS) IN BRAZIL

Abstract

The convergence with the International Accounting Standards Applied to the Public Sector (IPSAS) represents one of the most significant advances in the modernization of Brazilian public accounting. This process aims to improve the transparency, comparability, and efficiency of fiscal management. However, its implementation still faces substantial challenges, including structural, technical, and cultural barriers, requiring continuous efforts to ensure its full adoption. This article aims to analyze the challenges and benefits of convergence to IPSAS in Brazil. The research adopts a theoretical approach, based on a literature review on accounting harmonization in the public sector, accountability and international standards. The main challenges identified include cultural resistance, the need for professional training, regulatory harmonization, and adaptation of accounting systems. On the other hand, convergence provides relevant benefits, such as improved transparency and accountability, improved fiscal management, and strengthened Brazil's credibility before international organizations. It is concluded that, despite the difficulties, the adoption of IPSAS is an essential advance for public governance, and it is necessary to continuously invest in training and technology to maximize its benefits.