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IFAC CEO discusses public sector accounting

  • IFAC (International Federation of Accountants) (lt gray) Image

28 Mar 2011

The International Federation of Accountants (IFAC) has released a transcript of a speech by Ian Ball (IFAC Chief Executive Officer) entitled Trust and Accountability in Public Financial Management.

The speech was given on 17 March 2011 to the first International Conference of the Chartered Institute of Public Finance and Accountancy (CIPFA), which examined the developments and challenges of delivering good public financial management and how transparency in reporting restores the confidence of stakeholders.

In his speech, Mr Ball indicated that a crucial element of transparency in the public sector is accrual accounting, including a possible role for International Public Sector Accounting Standards (IPSASs).

An extract from the speech is reproduced below:

The full speech can accessed on the IFAC website.

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