IPSASs and Government Finance Statistics Reporting Guidelines
Consultation Paper

The Consultation Paper (CP), IPSASs and Government Finance Statistics Reporting Guidelines, aims to help reduce differences between Government Finance Statistics (GFS) reporting guidelines and International Public Sector Accounting Standards (IPSASs).

It was developed by a Task Force that includes representation from both the IPSASB and the statistical community, including international organizations such as the IMF and Eurostat, and national representatives from Brazil, the United Kingdom, South Africa, and Switzerland. The CP provides an overview of differences between GFS reporting guidelines and IPSASs, and identifies opportunities to reduce these differences for consideration by either the IPSASB or the statistical community.

Additionally, it aims to support governments’ use of integrated financial information systems that can generate both IPSAS financial statements and GFS reports. Use of audited financial reporting data prepared on an accrual basis will substantially improve the data used for the preparation of GFS reports and therefore for policy making.

Submitted Comment Letters

1. Canadian Institute of Chartered Accountants - Public Sector Accounting (Canada)
March 6, 2013

2. International Consortium on Governmental Financial Management (United States)
March 9, 2013

3. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (Germany)
March 22, 2013

4. IPSAS Steering Committee (Guatemala)
March 26, 2013

5. Australasian Council of Auditors-General  (Australia)
March 27, 2013

6. Australian Bureau of Statistics (Australia)
March 27, 2013

7. Association of Chartered Certified Accountants (ACCA) (United Kingdom)
March 28, 2013

8. Joint Accounting Bodies (Australia)
March 28, 2013

9. Swiss Publci Sector Financial Reporting Advisory Committee (Switzerland)
March 28, 2013

10. The Japanese Institute of Certified Public Accountants (Japan)
March 28, 2013

11. Direction Générale des Finances Publiques (DGFiP)  (France)
March 29, 2013

12. PricewaterhouseCoopers International Limited (United Kingdom)
March 29, 2013

13. CIPFA (United Kingdom)
March 31, 2013

14. Institute of Certified Public Accountants of Kenya (Kenya)
March 31, 2013

15. Heads of Treasuries Accounting and Reporting Advisory Committee (HoTARAC) (Australia)
April 1, 2013

16. Accounting Standards Board (South Africa)
April 5, 2013

17. Denise Silva Ferreira Juvenal (Brazil)
April 6, 2013

18. Ernst & Young (United Kingdom)
April 10, 2013

19. Australian Accounting Standards Board (Australia)
April 12, 2013

20. Cour des comptes (France)
April 12, 2013

21. Ministero dell'economia (Italy)
April 12, 2013

22. Conseil de normalisation des comptes publics (CNOCP) (France)
April 15, 2013

23. Province of British Columbia (Canada)
April 22, 2013

24. European Commission (Belgium)
May 8, 2013

25. Joe Cavanagh (United Kingdom)
May 8, 2013

Related Resources

• 2013 Handbook of International Public Sector Accounting Pronouncements
• Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities: Elements and Recognition in Financial Statements
• Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities: Measurement of Assets and Liabilities in Financial Statements
• Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities: Presentation in General Purpose Financial Reports
• IPSASB Consultation Paper on 2013-2014 Work Program