International Public Sector Accounting Standards (IPSAS)

Thought leadership and tools

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Thought leadership

1. Model Public Sector Group – Illustrative financial statements

This first edition of illustrative annual consolidated financial statements of Model Public Sector Group has been prepared by EY to assist clients in preparing their own financial statements in accordance with IPSAS in issue at 30 June 2013 and effective for annual periods beginning on 1 January 2013.

2. IPSAS Outlook is EY’s quarterly newsletter providing insights on current and emerging public sector accounting issues.

IPSAS Outlook (December 2015)

  • Developments in public sector accounting in Colombia
  • Status of public sector accounting in selected Latin American countries
  • IPSASB seeks feedback on accounting for social benefits
  • Update on European Public Sector Accounting Standards (EPSAS)

IPSAS Outlook (July 2015)

  • The IPSASB maps out future strategy and work plan
  • IPSASB publishes recommended practice guideline on reporting service performance information
  • IPSAS 35 Consolidated Financial Statements – an overview
  • IPSASB project update

IPSAS Outlook (March 2015)

  • Spotlight on Indonesia – from cash to accrual accounting
  • Status of public sector accounting in selected Asia Pacific countries
  • First-time adoption of accrual basis IPSASs
  • The Review Group publilshes recommendations on the governance of the IPSASB

IPSAS Outlook (November 2014)

  • The Conceptual Framework – from start to finish
  • The background, preface and first four chapters of the Framework
  • Defining and recognizing elements in financial statements
  • The new guidance for measuring public sector assets and liabilities
  • Presentation in General Purpose Financial Reports

IPSAS Outlook (July 2014)

  • IPSAS adoption in New Zealand - reasons for moving from IFRS to IPSAS
  • Insights into IPSASB’s Strategy Consultation paper
  • Our views on ED 54 Reporting Service Performance Information
  • EY offers worldwide training on IPSAS in cooperation with CIPFA and IASeminars
  • IPSASB project update

IPSAS Outlook (February/March 2014)

  • Spotlight on Nigeria's IPSAS implementation
  • The South African experience and IPSASB’s ED on first-time adoption of IPSAS
  • The role of ESAAG in promoting IPSAS adoption in east and southern Africa
  • Consultation on the IPSASB’s governance and oversight
  • The IPSASB issues ED 54 and policy paper

IPSAS Outlook (November 2013)

  • Update on the review of IPSASs 6−8
  • Summary of ED on First-time Adoption of Accrual Basis IPSASs
  • Latest developments in European Public Sector Accounting Standards

IPSAS Outlook (August 2013)

  • Highlights from our global IPSAS update webcast
  • IPSASB publishes RPG 1 Long-Term Sustainability of Public Finances and RPG 2 Financial Statement Discussion and Analysis
  • IPSASB project update

IPSAS Outlook (May 2013)

  • EY and CIPFA Eurostat IPSAS report briefing event - a summary report
  • Interview with Eurostat’s Alexandre Makaronidis
  • IPSASB issues Conceptual Framework ED on presentation
  • IPSASB project update

IPSAS Outlook (February 2013)

  • Interview with IMF Senior Economist, Abdul Khan
  • Responses are in – Eurostat public consultation on the suitability of IPSAS for EU Member States
  • GAAP comparison between IPSAS and IFRS
  • IPSASB project update (including summary of December 2012 IPSASB meeting)

IPSAS Outlook (November 2012)

  • Q&A with IPSASB Chairman, Andreas Bergmann
  • A presentation framework for public sector entities
  • IPSASB Project update (including summary of September 2012 IPSASB meeting)

IPSAS Explained (2nd Edition) – a summary of International Public Sector Accounting Standards; includes an update of the standards as well as additional information about IPSAS, the IPSAB Board and the current public sector accounting environment.

3. Comment Letters – public comment letters submitted on current projects

4. Toward Transparency (2011) – a comparative study on the challenges of reporting for governments and public bodies around the world

5. Toward Transparency (2010) – a comparative study of governmental accounting in Europe


We have developed the following tools for use in the conversion process:

  • IPSAS Disclosure Checklist - The September 2012 IPSAS Disclosure Checklist is now available for use. This edition of the checklist is applicable for entities with a year-end of 31 December 2012 or thereafter.
  • Comparison of IPSAS and IFRS requirements
  • Templates and additional checklists