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The International Public Sector Accounting Standards Board (IPSASB) develops high-quality International Public Sector Accounting Standards (IPSASs), guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements. We issue and promote benchmark guidance and facilitate the exchange of information among accountants and those who work in the public sector.

 

SPOTLIGHT ON

IPSASB Chair Andreas Bergmann remains hopeful the standard-setting board will have a major part to play in the creation of any harmonized European Union-wide public accounting rules.

Public Finance International - March 8, 2013

"Any future introduction of harmonised public sector accounting standards across the European Union should be based on the International Public Sector Accounting Standards, the European Commission said today."

Public Finance International - March 6, 2013

IFAC CEO Ian Ball speaks with MoneyWeek on cash versus accrual accounting in government reporting, and the implications of a cash-based reporting model.

  • Letter to the G-20: IFAC Urges G-20 To Take Action Against Inconsistent, Unreliable Public Sector Financial Reporting.

Consultation Papers:

Public consultation on the governance (with special focus on organizational aspects, funding, composition and the roles) of the Monitoring Group, the PIOB and the standard setting boards and Compliance Advisory Panel operating under the auspices of IFAC

PIOB Work Program 2012 and Beyond Public Consultation Paper

The Monitoring Group home page

  • Government Accounting―Making Enron Look Good―World Economics Journal, March 2012―IFAC CEO Ian Ball and Gary Pflugrath IFAC Deputy Director, Public Policy and Regulation call for accrual-based accounting for governments and the need for institutional reform in public sector financial management. (www.worldeconomics.com)

  • The IPSASB’s highest profile project―with a goal of completion in late 2013―The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities (the Conceptual Framework) seeks to establish and make explicit the concepts that are to be applied in developing International Public Sector Accounting Standards (IPSASs) and other documents that provide guidance on information included in general purpose financial reports (GPFRs.) Divided into four phases of development, all four stages have begun with phases one through three being the most advanced.