doi:10.1002/pad.1747engBrusca, IsabelGómez-Villegas, MauricioMontesinos, VicentePublic Financial Management Reforms: The Role of Ipsas in Latin-AmericaART-2016-93988During the last 30years, many public administration reforms promoted by New Public Management have been undertaken. These reforms have spread to Latin-American countries and include changes in governmental accounting systems, where the implementation of International Public Sector Accounting Standards (IPSASs) has been a stimulus for modernization. This article aims to clarify the situation of IPSASs implementation in the Latin-American context as well as the stimuli for and effects of their implementation. The analysis shows that there is an emerging international trend to adopt IPSASs in Latin-American countries although at the same time, there are evident obstacles to achieving reform goals. In Colombia, reforms are still underway, and the usefulness of IPSASs to improve decision-making at an organisational level cannot be evaluated. Meanwhile, in Peru, the modernization is more rhetorical than real, and many efforts remain to be made for the effective implementation.2016http://zaguan.unizar.es/record/6041710.1002/pad.1747http://zaguan.unizar.es/record/60417oai:zaguan.unizar.es:60417info:eu-repo/grantAgreement/ES/DGA/CEMBEPUBLIC ADMINISTRATION AND DEVELOPMENT 36, 1 (2016), 51-64All rights reservedhttp://www.europeana.eu/rights/rr-f/info:eu-repo/semantics/openAccess