Public Sector Accounting: IPSAS Update 2013 (LIVE)

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This webcast was held twice in 24 hours. This webcast is timed for the European and Americas time zones. A replay was also scheduled for the Asia-Pacific time zones.

The sovereign debt crisis has highlighted the problems of unsound public finance management and the need for improved financial reporting and management using high quality accounting standards.

In March of 2013, the European Commission said: "International Public Sector Accounting Standards (IPSAS) represent an indisputable reference framework for potential EU harmonized accruals-based public sector accounting standards (EPSAS)". Several countries around the world are considering the adoption of IPSAS or using IPSAS as a framework for developing national public sector accounting standards (including whole of government financial reporting).

In this webcast, our panel will provide an overview on the background, structure and due process of the International Public Sector Accounting Standards Board (IPSASB). The panel will also provide an update on key projects on the IPSASB's agenda including the Conceptual Framework, and outline some of the current developments on IPSAS adoption and implementation around the world.

This webcast is aimed at providing public sector finance managers with the latest developments on the IPSASB's projects and IPSAS implementation globally.


Ian Carruthers


Ian Carruthers is a member of the International Public Sector Accounting Standards Board (IPSASB), and is leading the Board’s work on Long-Term Fiscal Sustainability and Alignment between IPSASs and Government Finance Statistics. After joining HM Treasury from PricewaterhouseCoopers in 1999, he played a key role in the UK Government’s transition from cash to accrual budgeting and reporting, in particular leading the Whole of Government Accounts programme. Ian joined the UK Chartered Institute of Public Finance and Accountancy (CIPFA) in 2006. CIPFA promotes and supports improvements in public financial management and governance across the public services both nationally and globally. Ian’s role encompasses all these aspects of the Institute’s activities, and he has led its work on the role of the public services Chief Financial Officer and implementation of IFRS, as well as the joint public sector governance project with the International Federation of Accountants (IFAC).

George Higgins

EY Incorporated

George Higgins is an associate director in EY Incorporated’s Professional Practice Group. George joined EY in November 2004 and focuses on public sector technical auditing and accounting issues. He provides technical advice to clients on issues that they face in meeting the expectations and requirements of the South African Parliament, Auditor General, and associated stakeholders, in accordance with the Public Finance Management Act and the Municipal Finance Management Act. George also focuses on the requirements of Generally Recognised Accounting Practice (GRAP) and International Public Sector Accounting Standards (IPSAS). George has provided training to the Auditor-General in South Africa, in Mauritius and Nigeria on various aspects of IPSAS. George is well versed in the practical implications of IPSAS with various engagements at National Treasury in South Africa, Parliament and various local authorities from an audit and advisory perspective. Prior to joining EY, George spent three years at the Office of the Auditor General.

Thomas Müller-Marqués Berger

Ernst & Young GmbH

Thomas Müller-Marqués Berger is a partner in Ernst & Young GmbH and is the global leader for EY’s International Public Sector Accounting network. He is also the Assurance Leader for the Government and Public Sector for EMEIA (Europe, Middle East, India and Africa) within EY. In his role, Thomas provides auditing services and accounting advice to public, municipal companies, non-profit organizations. as well as regional governmental organizations. He is also experienced in IPSAS Conversion, including cash-based accounting to IPSAS accrual accounting for public sector entities.

Since 2003 he has been a member and since 2012, the Chairman of the Public Sector Committee of FEE (European Federation of Chartered Accountants). He became a member of the International Public Sector Accounting Standards Board (IPSASB) in January 2009 for which he was nominated by the Institute of Chartered Accountants in Germany (IDW) and the Chamber of Chartered Accountants (Wirtschaftsprüferkammer.

Thomas has written extensively on the subject of national and international public sector accounting. In 2009, he published the book IPSAS Explained – A Summary of International Public Sector Accounting Standards with Wiley & Sons, with a second edition released in 2012.


Serene Seah-Tan

Ernst & Young LLP (UK)

Serene Seah-Tan is a senior manager in the IFRS Services group in EY’s Global Professional Practice. She is the editor of EY’s IPSAS Outlook, and is the sector representative on the EY’s International Public Sector Accounting network.

Prior to joining the IFRS Services team, she was involved in assisting Australian public sector clients with their financial reporting under Australian IFRS, the Financial Management Act and other legislative requirements. She was previously a graduate intern at the Australian Accounting Standards Board (AASB), focusing on public sector accounting standards for local governments.