2018 Handbook of International Public Sector Accounting Pronouncements

This Handbook contains the complete set of the International Public Sector Accounting Standards Board pronouncements, the International Public Sector Accounting Standards, published as of January 31, 2018. It also includes the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

IPSASB
English

United, Connected and Aligned: How the Distinct Roles of Internal Audit and the Finance Function Drive Good Governance

Effective governance involves many individuals throughout an organization, including internal audit and the finance function. IFAC and The Institute of Internal Auditors (IIA) have compiled insights from 11 governance experts to examine how the complementary roles of both functions drive sound governance. 

Interviewees identified several key requirements for effective governance, including:

IFAC
English

Identifying the Role of the Finance Function in Enterprise Performance Management

For finance professionals to be viewed as business partners, they must contribute effectively to enterprise performance management (EPM) beyond traditional financial reporting and financial systems. 

This resource identifies why and how the finance function must evolve to support EPM, including:

  • Why EPM is critical to the future of the profession
  • How accountants in business and the finance function can drive effective EPM; and 
  • The four key enablers of EPM
IFAC
English

A Vision for the Finance Professional and the Finance Function

Developing a vision and roadmap for the finance professional and finance function is a journey requiring an iterative and experimental approach, supported by a development plan that incorporates significant thinking on a variety of topics.

In an iterative workshop, the Professional Accountants in Business Committee explored how to develop a vision for the finance function and provided updates on current initiatives, including:

IFAC
English

Supporting Accountants in Business

Self-Assessment Evaluation Tool for PAOs

This self-assessment evaluation tool is available for professional accountancy organizations (PAOs) to help take a strategic and practical approach to enhancing relevance for professional accountants in business (PAIB).

IFAC
English

Financial Reporting for Heritage in the Public Sector

Consultation Paper

This Consultation Paper proposes that:

  • heritage items’ special characteristics do not prevent them from being assets for the purposes of financial reporting;
  • heritage items should be recognized in the statement of financial position if they meet the recognition criteria in the Conceptual Framework; and
  • in many cases, it will be possible to assign a monetary value to heritage assets.

It also discusses:

Published:
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Choosing the Right Service: Comparing Audit, Review, Compilation, and Agreed-Upon Procedure Services

Designed for use by small- and medium-sized practices (SMPs), this brochure explains and differentiates the range of audit, review, compilation, and agreed-upon procedures services SMPs can provide and tailor to meet the needs of their small- and medium-sized entity (SME) clients. It can help current and prospective clients understand the range of services available, as well as their benefits. 

IFAC
English
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