Adoption and Implementation

"The state of government reporting is 'the elephant in the room.'"
— World Bank Group CFO Vincenzo LaVia

The sovereign debt crisis has illustrated the dire consequences of insufficient transparency and accountability of governments and poor public finance management and reporting.

Governments are not risk-free and the failure of fiscal management in the public sector has an economic impact that will far exceed the impact of losses incurred by corporate failures.

This jeopardizes both the interests of the public as well as investors.

Today, many key decision-makers, politicians, and public finance management leaders are taking the key steps toward meaningful reform, including the adoption and implementation of accrual accounting and International Public Sector Accounting Standards (IPSAS).

IPSAS and Accrual Accounting News

Resources

"A Closer Look At" Video Series
IPSASB "A Closer Look at China"
IPSASB "A Closer Look at: United States"
IPSASB: "A Closer Look at Canada"
IPSASB: "A Closer Look at: Japan"
IPSASB: "A Closer Look at: Australia"
IPSASB: "A Closer Look at: Austria"
IPSASB "A Closer Look at: South Africa"
IPSASB "A Closer Look at: Panama"
IPSASB "A Closer Look at: Brazil"
IPSASB "A Closer Look at: Switzerland"
IPSASB "A Closer Look at: New Zealand"

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