This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Public Sector Accounting Standards Board update

  • IPSAS (International Public Sector Accounting Standards) (old) Image

19 Apr 2005

In November 2004 IFAC's Public Sector Committee (PSC) was reorganised into the International Public Sector Accounting Standards Board (IPSASB).

The IPSASB develops standards for accounting and financial reporting by national, regional and local governments and related governmental agencies. Those standards, known as International Public Sector Accounting Standards (or IPSAS) are generally based on IFRSs, and profit-oriented government business enterprises are required to comply directly with IFRSs. We have posted the April 2005 issue of IPSASB Update, the first issue of IFAC's public sector newsletter since the reorganisation of the PSC into the IPSASB. The newsletter reports the decisions made at the IPSASB's March 2005 meeting and includes a review of the IPSASB's current work programme. Click:

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.