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IFAC FOCUS AREAS
- Accountability. Now.
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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The International Public Sector Accounting Standards Board® (IPSASB®) develops International Public Sector Accounting StandardsTM (IPSASsTM), accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. The IPSASB also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSASs. The IPSASB’s "A Closer Look at:" series explores individual governments and the challenges and benefits each has faced in adopting accrual accounting and IPSASs.
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Why Every Citizen Should Care about Government Spending
A new video from IFAC's Accountability.Now. campaign discusses why citizens should care how governments budget and account for their spending and how better quality financial information and increased transparency can assist government decision-making and performance.
IPSASB Earns CIPFA's Sir Harry Page Merit Award
CIPFA has presented the IPSASB with its annual Sir Harry Page Merit Award for its development of the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. Established in 1968, the award is given for work in public service accounting and financial management.