International Public Sector Accounting Standards (IPSAS)
Time to update your accounting system
The global financial crisis has demonstrated that high quality accounting and financial reporting standards are crucial for the public sector.
Stakeholders show increasing demand for transparent, reliable and useful information from governments and their agencies.
Around the world, accounting and financial reporting in the public sector is practiced in diverse ways and one struggles to obtain comparable information in terms of accountability and transparency.
International Public Sector Accounting Standards (IPSAS) help present an accurate and fair view of the financial positions, financial performance and cash flows of central, regional and local governments, as well as super-national organizations.
As a result, users will gain access to fuller and more transparent information about the financial consequences of political decisions, as well as the financial situation of their jurisdictions.
Conversion to IPSAS requires a disciplined and thorough approach.
Our deep understanding of the challenges involved in such a conversion process, our project management skills together with our extensive technical knowledge of IPSAS and the ability to offer customized training, ideally place us to help public sector organizations and international (not-for-profit) organizations around the world to prepare for and manage the transition to these new reporting standards.