Public Sector Accounting Standards Board update
31 Aug 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 are generally based on IFRSs, and profit-oriented government business enterprises are required to comply directly with IFRSs. We have posted the August 2005 issue of IPSASB Update. The newsletter reports the decisions made at the IPSASB's July 2005 meeting and includes a review of the IPSASB's current work programme. Click:
- Download IPSASB Update August 2005 (PDF 115k)
- More Information about the IPSASB, including links for downloading all earlier editions of the Public Sector Update newsletter.