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FOR IMMEDIATE RELEASE
NEW REPORT EXAMINES WHY ACCRUAL INFORMATION IS CRITICAL TO THE PUBLIC SECTOR

(February 26, 2020)

A new report by ACCA and IFAC highlights the benefits of accrual information in the public sector and identifies the positive impact on citizen lives.  

In interviewing 20+ public sector experts – including IPSASB Board member Neema Kiure-Mssusa, IPSASB Program and Technical Director Ross Smith, and IPSASB Principal Joao Fonseca – the report also provides 30 recommendations for governments to improve accrual implementation.

In asking “Is Cash Still King?” IFAC and ACCA examine how important accrual information is for a strong public sector, economy, and citizen well-being. Aligned with these outcomes, the IPSASB remains committed to the strategic objective of strengthening public financial management by increasing adoption of accrual-based IPSAS. [Hear our Chair, Ian Carruthers, discuss how the IPSASB works to strengthen public financial management.]

We encourage you to read the report and to share with your stakeholders.

There are more public sector insights available on our YouTube playlist. In particular, check out:

 

Contact:
Jennifer DiClerico
Head of Communications
+1-212-286-9344
jenniferdiclerico@ifac.org

 
Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information.
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