IFAC and ACCA issue reporting on the implementation of accrual accounting in the public sector
26 Feb, 2020
The IFAC and ACCA have issued a report, ‘Is Cash Still King? Maximising the Benefits of Accrual Information in the Public Sector’, which discusses the transition by governments to move from cash to an accrual basis for their financial reporting and the lessons learned during implementation.
The report provides information on the current reporting environment, the benefits of accruals in the public sector, lessons learned during the implementation phase, and key findings and recommendations.
For more information, see the press release on the IFAC’s website.
