IPSAS Explained: A Summary of Standards and Principles of International Public Sector Accounting Standards

2017 | Business & Finance

Public sector accounting is, at present, practiced in diverse ways globally, at odds with the tenets of New Public Management to reduce bureaucracy, and to achieve comparable standards in terms of accountability, transparency and competition. The International Public Sector Accounting Standards Board (IPSASB) is engaged in the ongoing process of harmonizing public sector accounting with their International Public Sector Accounting Standards (IPSAS).This third edition of IPSAS Explained covers the new governance structure of the IPSAS-Board, including the Public Interest Committee and the Consultative Advisory Group, as well as the final changes to the - now completed - conceptual framework. It also contains: A new section on IPSAS 33, First-Time Adoption of Accrual Basis IPSAS A new section on the new consolidation standards (IPSAS 34-38, Interests in Other Entities) Updates on the current Exposure Drafts (IPSAS ED 58-61) A new section on Recommended Practice Guideline 3, Service Performance Reporting Updates throughout the book to reflect the changes that will come through the Improvements Project

Thomas Muller-Marques Berger (Author)