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International Public Sector Accounting Standards Board
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. It issues and promotes benchmark guidance and facilitates the exchange of information among accountants and those who work in the public sector. The IPSASB is dedicated to promoting the acceptance of and international convergence to IPSASs. As part of that effort, it has created a Web page focusing on developmentsin the adoption and implementation of IPSASs and accrual accounting.
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Guinea Pledges Public Sector Financial Management Reform
IPSASB Policy Paper on GFS Reporting Guidelines
Public Finance International reports Guinea has committed to public sector financial reform following the resumption of EU aid funding. Objectives include improving economic governance, increasing accountability, and strengthening internal revenue and the Ministry of Economy and Finance.
The IPSASB has released a policy paper, "Process for Considering GFS Reporting Guidelines during Development of IPSASs." It sets out the International Public Sector Accounting Standards Board’s process for considering Government Finance Statistics reporting guidelines during the development of International Public Sector Accounting Standards.
Emilita L. Villanueva
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