IPSASB staff office opens in Toronto

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

07 Sep 2006

Canada is showing its support for the work of the International Public Sector Accounting Standards Board (IPSASB) in two significant ways: The Treasury Board of Canada is providing funding of US$200,000 per year for five years and the Canadian Institute of Chartered Accountants (CICA) has agreed to provide, at its expense, a dedicated professional to support the IPSASB.

Beginning this month, some of the IPSASB's staff, including its new Technical Director, Stephenie Fox, will be located in an office in Toronto, Canada. The IPSASB develops accounting and financial reporting standards for national, regional and local governments and related governmental agencies. IPSASB standards are based on IFRSs, and governmental business activities are required to follow IFRSs. Canada's actions demonstrate the increasing recognition of the importance of these standards. Press Release (PDF 82k).

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