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IPSASB establishes advisory body

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image

09 Dec 2015

The International Public Sector Accounting Standards Board (IPSASB) has announced that it will establish a consultative group to offer advice to the board on setting financial reporting standards for the public sector.

The formation of the new body — the IPSASB Consultative Advisory Group (CAG) — responds to a key recommendation in the governance review group’s report and is intended to further strengthen the IPSASB’s standard-setting processes by enabling additional dialogue with key stakeholders.

The CAG will provide advice to the IPSASB on:

  • The IPSASB’s strategy and work plan;
  • IPSASB’s projects, including views on technical issues or matters that may impede adopting and implementation of International Public Sector Accounting Standards (IPSAS); and
  • Other matters relevant to the IPSASB standard-setting activities.

An inaugural chair of the IPSASB CAG has been appointed but the membership of the group still has to be determined. The IPSASB has issued a call for nominations and is especially encouraging users of public sector financial reports and representatives of governments and other public sector entities, including preparers, to apply. Nominations are also encouraged from parliamentarians, public sector auditors, regulators, non-governmental organisations, and other regional and international organisations.

The inaugural meeting of the CAG is currently planned for June 2016 in Toronto, Canada.

Please click for the following information on the IPSASB website:

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