COVID-19 accounting tool for governments

  • PSAS - IPSASB Image
  • IFRS - IFAC Image

Jul 22, 2020

The International Fed­er­a­tion of Ac­coun­tants (IFAC), the Zurich Uni­ver­sity of Applied Science (ZHAW), and the International Public Sector Accounting Standards Board (IPSASB) have published a tool for gov­ern­ments and other in­ter­ested stake­hold­ers to apply best practices in public sector accounting when analyzing COVID-19-re­lated in­ter­ven­tion programs.

The COVID-19 pandemic led gov­ern­ments to deploy sig­nif­i­cant in­ter­ven­tions to support in­di­vid­u­als, busi­nesses, the monetary system, and specific sectors, including health­care. In view of the un­prece­dented scale of these in­ter­ven­tions there is an urgent need to un­der­stand their full current and ongoing impacts on public finances as high-qual­ity financial in­for­ma­tion enhances gov­ern­ment de­ci­sion-mak­ing and supports better outcomes for citizens over the medium and longer-term.

The new COVID-19 In­ter­ven­tion As­sess­ment Tool includes:

  • A step-by-step process and as­sess­ment tool to help assess, evaluate and inform various types of gov­ern­ment in­ter­ven­tions related to the pandemic; and
  • An overview of the way it can support the pathway to accrual International Public Sector Accounting Standards (IPSAS) for gov­ern­ments.

For more in­for­ma­tion refer to the IPSASB website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.