Expected publication Date: 2024-11-30

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Global public sector standard setting is at a critical juncture.

Jung-Hyuk Yim became the Technical Advisor to the Korean member of IPSASB in January 2025. He was nominated by the Korea Institute of Public Finance (KIPF), which is designated to conduct research on government accounting standards by the Ministry of Economy and Finance of Korea (MOEF).

Mr. Yim is a senior researcher at the Government Accounting and Finance Statistics Center (GAFSC) at KIPF, specializing in standard-setting research for the Korean Central Government's National Accounting Standard (NAS). Before joining KIPF, he assisted in the implementation of NAS and the application of accrual accounting in cost analysis of policy programs at the Korean Institute of Certified Public Accountants (KICPA).

 He is a certified public accountant in Korea and holds a Bachelor’s degree in Business Administration from Sungkyunkwan University.

Florian Chatagny became the Technical Advisor to Claudia Beier in January 2025. He was nominated by the Swiss Federal Finance Administration (FFA) with the support of the Swiss Conference of Cantonal Ministers of Finance.

Mr. Chatagny is head of the unit financial statistics since 2019 and is responsible for the compilation and dissemination of public finance statistics for Switzerland both at the national and international level. He is also responsible to produce empirical analyses as well as forecasts for the Swiss public finances. Among others, Florian Chatagny is head of the national joint working group on Government Finance Statistics. He and his team also represent Switzerland in various international working groups in the field of Government financial statistics such as the Eurostat’s Working group on the excessive deficit procedure or the IMF Task force on Fiscal Analysis and GFS Communication.

Prior to joining the Swiss Federal Finance Administration, Mr. Chatagny worked as an executive research fellow for the Federal Institute of Technology (ETH) in Zurich mostly performing empirical research and policy analysis in the fields of fiscal policy, macroeconomic forecasting and empirical public finance.

Mr. Chatagny holds a PhD in economics and a PhD in public administration from the Universities of Lausanne (CH) and Rennes 1 (F). He is a research fellow of the Federal Institute of Technology (ETH).

Amendments to IPSAS Standards: Specific IFRIC Interpretations adds authoritative guidance to IPSAS Standards, based on four IFRIC Interpretations, to help entities better understand and apply existing IPSAS principles.

The additional guidance does not change the existing accounting principles; rather, it clarifies the application of existing principles to specific matters.

Dr. Yun Huang became a member of the IPSASB in January 2025. She was nominated by the Chinese Institute of Certified Public Accountants.

Dr. Huang is the Director of Accounting Standards Division I of Accounting Regulatory Department of Chinese Ministry of Finance (China MOF). The Accounting Regulatory Department of China MOF sets Chinese Accounting Standards, and Accounting Standards Division Iis responsible for setting Chinese Accounting Standards for the Public Sector. Dr. Huang began to work for China MOF in 2004. She has almost 20 years’ experience in the development and implementation of Chinese Accounting Standards both for the public sector and the private sector, and has experience in sustainability standards. Previously, she worked internationally for the Controller’s Office of the World Bank under a secondment program and served as an assistant to Chinese members of several international mechanisms.

Dr. Huang is a member of the Chinese Institute of Certified Public Accountants, and she is currently a non-practicing certified public accountant. Dr. Huang is also a member of CFA Institute and a CFA Charter Holder.  

Dr. Huang earned her bachelor's and master’s degrees in management, with a focus on accounting, from Xiamen University. She also holds a PhD in economics, specializing in fiscal theory and policy, from the Chinese Academy of Fiscal Sciences.

Her Technical Advisor is Zheng Liu.

Dr. Sung-Jin Park became a member of the IPSASB in January 2025. He was nominated by the Korea Institute of Public Finance (KIPF). 

Dr. Park is an associate professor at the Department of Global Public Administration, Mirae Campus, Yonsei University. Before joining Yonsei University, he was an associate professor in accounting (with tenure) at Indiana University South Bend in the U.S. Along with his academic career, Dr. Park had also served as Executive Director at the Government Accounting and Finance Statistics Center (GAFSC) of the Korea Institute of Public Finance in Korea (KIPF) engaged with various tasks on government financial reporting and management such as the enactment and amendment of the accounting standards for government entities and the nonprofit sector, a compilation of comprehensive fiscal statistics, and global outreach through international organizations including IPSASB and OECD.

Dr. Park is a Certified Public Accountant in the U.S. (inactive) and a member of the Korean Accounting Association, Korean Association of Public Administration, and the President-elect of Korean Association of Government Accounting for 2026.

He received his Bachelor’s and Master’s degrees in Public Administration from Yonsei University, MS degrees from Indiana University in Accounting and Taxation, and Ph.D. degree from University of Texas at San Antonio.

His Technical Advisor is Jungk-Hyuck Yim.

Karen Sanderson became a member of the IPSASB in January 2025. She was nominated by the Chartered Institute of Public Finance and Accountancy (CIPFA). She was previously a member of IPSASB’s Consultative Advisory Group, serving from its initiation in 2016 to the end of her term in 2023.

Ms. Sanderson is the technical director for the first ever international financial reporting guidance for non-profit organizations. Prior to this she worked extensively in the public sector, with over 30 years of experience working at different levels of government in the UK and the New South Wales government in Australia. She has more than 20 years of experience of applying accrual accounting in the public sector and delivered the first ever Whole of Government Accounts in the UK. Ms. Sanderson was responsible for UK central government standard setting for 5 years and has been involved in public sector standard setting for over 15 years.  

Ms. Sanderson is a first class honors graduate from the Open University. She is a member of the Chartered Association of Certified Accountants (ACCA) and is also a member of CIPFA.  

Her Technical Advisor is Henning Diederichs.