International Public Sector Accounting Standards are a set of accounting standards which are based on the IFRS (formerly known as IAS). Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers, International Financial Reporting Standards (IFRS are standards and interpretations adopted by the International Accounting Standards Board (IASB The IPSAS are issued by the IPSAS Board and adapted for the use by public sector entities.
Currently (January 2007) there are 24 standards on the accrual basis of accounting and one standard on the cash basis of accounting. Accrual is derived from the verb accrue, which describes the gathering or clustering of things together over time as Atoms or it describes a general increase in number However, further standards are being prepared. All the standards as well as the agenda of the IPSAS Board are available for download free of charge.
External links
- Website of the International Public Sector Accounting Standards Board (IPSASB)
- IPSAS Institute located in Bern, Switzerland (unauthorized by IFAC)
- (German) German IPSAS website (unauthorized by IFAC)
- Implementing IPSAS (unauthorized by IFAC)
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