IFAC and CIPFA launch new International Public Sector Financial Accountability Index
13 Jul, 2017
The International Federation of Accountants (IFAC) and the Chartered Institute of Public Finance and Accountancy (CIPFA) have launched a new International Public Sector Financial Accountability Index.
The index, which has been jointly developed by IFAC and CIPFA, will provide “an accurate global picture of public sector financial reporting quality”.
In particular the index will “provide a picture of the extent of accrual accounting and adoption of International Public Sector Accounting Standards. It will also aim to provide a better understanding of accounting and budgeting reform plans, and help stimulate public financial management (PFM) reforms”.
Further information can be found on the IFAC website.
