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IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
Home Public Sector
The International Public Sector Accounting Standards Board® (IPSASB®) develops IPSAS®, accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. It also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSAS.
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IPSASB Publishes Webinar on Conceptual Framework in Portuguese
IPSASB staff member João Carlos Fonseca presents a webinar on Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities in Portuguese.
Técnico do IPSASB, João Carlos Fonseca, apresenta a Estrutura Concetual da Informação Financeira Pública em Português.
Comment Now—Public Sector Specific Financial Instruments
The Consultation Paper aims to initiate a debate about matters such as:
The types of instruments considered to be in scope of the consultation; and
Approaches to recognition and measurement of financial instruments.
Financial Instruments Education Session Webinars
The IPSASB has created a two-part webinar on financial instruments.
Prepared and presented by Lucy Qi, the technical staff member responsible for the IPSASB’s Financial Instruments Update project, Part A covers the classification and measurement, as well as impairment of financial instruments, and Part B covers hedge accounting.