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The International Public Sector Accounting Standards Board (IPSASB) develops International Public Sector Accounting Standards (IPSASs), accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. The IPSASB also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSASs. The IPSASB’s "A Closer Look" series explores individual governments and the challenges and benefits each has faced in adopting accrual accounting and IPSASs.
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IPSAS Outlook March 2014
IPSASB Policy Paper on GFS Reporting Guidelines
The latest issue of IPSAS Outlook examines IPSAS implementation in Nigeria and IPSAS adoption in South Africa. It also provides an International Public Sector Accounting Standards Board (IPSASB) project update and the latest developments regarding IPSASB governance and oversight.
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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