The Accounting Bases and Financial Reporting Frameworks used by 150 Governments Globally
Every day, governments spend large sums of public funds on a range of services and infrastructure for their citizens. Good public financial management is essential to ensure that these funds are managed in the public interest and to build and sustain public trust in government.
IFAC and The Chartered Institute of Public Finance and Accountancy (CIPFA), with the Zurich University of Applied Science as a knowledge partner, developed The International Public Sector Financial Accountability Index to track the quality of public sector financial reporting around the world, delivering a country-by-country snapshot of the bases and frameworks used for public financial reporting, as well as the projected impacts of reforms in jurisdictions projected for implementation by 2023.
The Index focuses on federal/central government, and will be expanded over time to include state/provincial and local government.
For the federal/central government in each of the 150 jurisdictions covered, the Index provides:
Where We Stand: A Snapshot of Central Governments
Which accounting basis was/will be applied in preparing the financial statements/reports for the Federal/Central Government for the most recently complete financial year?
For further details on country-by-country information, please download this document.
- Asian Development Bank
- Institute of Chartered Accountants of the Caribbean
- International Public Sector Accounting Standards Board (IPSASB)
- Organisation for Economic Co-operation and Development (OECD)
- World Bank
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