IFAC Welcomes Publication of Spanish Translation of the Handbook of International Public Sector Accounting Pronouncements

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    Mar 07, 2012
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    IFAC Welcomes Publication of Spanish Translation of the Handbook of International Public Sector Accounting Pronouncements

    The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, welcomes the Spanish translation of the Handbook of International Public Sector Accounting Pronouncements – 2011 Edition.

    This Spanish translation was undertaken by faculty members from the Department of Accounting and Finance, Faculty of Economics and Business Administration, at the University of Zaragoza, Spain. It has been reviewed by an international committee consisting of public sector experts from Argentina, Chile, Mexico, Spain, and Uruguay.

    “This Handbook provides a comprehensive set of accounting requirements and guidance developed specifically for preparers of public sector financial statements. Due to the increasing pace of adoption in Spain and Latin America of these standards, this Spanish language translation is especially welcome,” said Andreas Bergmann, Chairman of the International Public Sector Accounting Standards Board (IPSASB).

    IFAC’s Chief Executive Officer Ian Ball stated, “Availability of this translation will facilitate and support the adoption and implementation of the International Public Sector Accounting Standards in Spanish-speaking countries. The current sovereign debt issues in many countries around the world makes clear that financial management and reporting reform in the public sector is sorely needed. This translation will help contribute to that reform, as well as to enhanced comparability, transparency, and accountability in the public sector globally.” 

    IFAC is presenting a global seminar, The Sovereign Debt Crisis, A Matter of Urgency—from Lessons to Reform, March 19-20, 2012.  The Seminar will feature prestigious guest speakers that include: Vincenzo LaVia, Chief Financial Officer of the World Bank Group; Hon. David Walker, Founder and CEO of the Comeback America Initiative and Former United States Comptroller General; and Göran Persson, Former Prime Minister of Sweden.  The two-day seminar will include discussions on the role of IPSAS adoption and implementation, the success of  accrual accounting, the role of the finance professional in reform and convergence, the complexity of public interest reporting, and more. For more information please contact sdseminar@ifac.org.

    A Spanish translation of IPSASB’s Study 14 - Transition to the Accrual Basis of Accounting: Guidance for Governments and Government Entities was also recently published.

    Both projects were made possible with the assistance of the World Bank and contributions from the government of Spain through the Spanish Fund for Latin America and the Caribbean. These publications can be downloaded free of charge in PDF format from the IFAC website. They have not been published in print format. Reproduction, distribution or dissemination of these publications requires permission of IFAC. Contact permissions@ifac.org for further information. For an overview of translations of IFAC’s publications, please visit the IFAC Translations Database: www.ifac.org/about-ifac/translations-permissions/translations-database.

    About the IPSASB
    The IPSASB develops accounting standards and guidance for use by public sector entities. The structures and processes that support the operations of the IPSASB are facilitated by IFAC. The IPSASB receives support (both direct financial and in-kind) from the World Bank, the Asian Development Bank, the United Nations and the governments of Canada, China, New Zealand, and Switzerland.

    About IFAC
    IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 167 members and associates in 127 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.

     

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