IPSASAPPLIED Interpretation and Practical application of IPSAS
Dear visitor,
A new interest and appreciation is emerging that the public sector needs a robust and uniform set of accounting standards to bring greater stability to the global economic system, and greater accountability and efficiency to government.
Sovereign debt crises in numerous countries have underlined the need for governments to clearly demonstrate their financial stability and the necessity of rigorous and transparent reporting of fiscal data.
Transparency, accountability and comparability of private business accounts have been bolstered by the adoption of globally harmonized accounting standards, namely the International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB). Over the last years there has been increasing calls for a similar development to take place in the public sector area.
As a result we see numerous countries across the world moving towards implementing International Public Sector Accounting Standards (IPSASs) in numerous ways. The IPSAS, which are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of harmonized financial statements aimed at improving transparency, increasing accountability of public decision makers and fostering intergenerational equity in fiscal policy around the world, may bring this greater stability to the global economic system.
In some parts of the world, some initiatives may also contribute to greater accountability and efficiency to government. For instance, an important decision was made within the European Union in 2013: the European Commission and its directorate-general Eurostat, released a public consultation paper dealing with the possible future implementation of 'European Public Sector Accounting Standards' (EPSAS) in European Union (EU) member states. The report focused on the issue of governance, and outlined views about the future governance arrangements and underlying key principles that might apply in the development of EPSAS, based somehow on IPSAS.
The objective of www.ipsasapplied.com is to inform interested stakeholders about the application of IPSAS in the world and keep them updated with the latest news, teaching material and recommended readings about IPSAS.
If you have questions regarding this website, do not hesitate to contact us at contact@ipsasapplied.com.
For our IPSAS book (released 2016) please click here:
http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1119010292,subjectCd-AC50.html
http://www.amazon.co.uk/Interpretation-Application-IPSAS-Regulatory-Reporting-ebook/dp/B018UGO3SU
Caroline Aggestam Pontoppidan
IPSASAPPLIED corpyright ©
A new interest and appreciation is emerging that the public sector needs a robust and uniform set of accounting standards to bring greater stability to the global economic system, and greater accountability and efficiency to government.
Sovereign debt crises in numerous countries have underlined the need for governments to clearly demonstrate their financial stability and the necessity of rigorous and transparent reporting of fiscal data.
Transparency, accountability and comparability of private business accounts have been bolstered by the adoption of globally harmonized accounting standards, namely the International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB). Over the last years there has been increasing calls for a similar development to take place in the public sector area.
As a result we see numerous countries across the world moving towards implementing International Public Sector Accounting Standards (IPSASs) in numerous ways. The IPSAS, which are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of harmonized financial statements aimed at improving transparency, increasing accountability of public decision makers and fostering intergenerational equity in fiscal policy around the world, may bring this greater stability to the global economic system.
In some parts of the world, some initiatives may also contribute to greater accountability and efficiency to government. For instance, an important decision was made within the European Union in 2013: the European Commission and its directorate-general Eurostat, released a public consultation paper dealing with the possible future implementation of 'European Public Sector Accounting Standards' (EPSAS) in European Union (EU) member states. The report focused on the issue of governance, and outlined views about the future governance arrangements and underlying key principles that might apply in the development of EPSAS, based somehow on IPSAS.
The objective of www.ipsasapplied.com is to inform interested stakeholders about the application of IPSAS in the world and keep them updated with the latest news, teaching material and recommended readings about IPSAS.
If you have questions regarding this website, do not hesitate to contact us at contact@ipsasapplied.com.
For our IPSAS book (released 2016) please click here:
http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1119010292,subjectCd-AC50.html
http://www.amazon.co.uk/Interpretation-Application-IPSAS-Regulatory-Reporting-ebook/dp/B018UGO3SU
Caroline Aggestam Pontoppidan
IPSASAPPLIED corpyright ©