Combined accounting statements of federal public financial institutions: an suitable and transparent performance information of public banking sector

Abstract

The objective of this study is to analyze the accounting and financial information presented by the Federal Public Financial Institutions (IFPFs) and to present the potential of adopting the combined disclosure of the statements, in order to provide adequate and transparent information about the Federal Government's work and performance in the banking sector. In addition, information on business segments and on transactions between related parties disclosed by public banks is also analyzed. Among the expected benefits, the dissemination of combined information will make it possible to: (1) provide public managers with more appropriate information for making strategic planning and control decisions on government action in the financial sector; (2) expand interaction and integration, as well as assist in improving the corporate governance of IFPFs; and (3) increase the transparency of accounting and financial information, allowing society, in general, to better evaluate the overall results achieved by the federal government's banking activities.