The sovereign debt crisis happened nearly a decade ago, and the benefits of accrual accounting have been documented in various countries. In your view, what has delayed the implementation of accrual accounting in some countries?
Many countries aim to implement IPSAS but find translating this into activity often fails. Strong political commitment and a realisation that it is part of a journey that is likely to take several years is needed. Greater promotion of the benefits and best practice exemplars showing how moving to accrual accounting will help.
The recent IFAC CIPFA research demonstrates that there are many on the journey.