• Register
Return to: Home > News > Standards > News brief: accrual accounting for the public sector developments

News brief: accrual accounting for the public sector developments

The International Public Sector Accounting Standards Board (IPSASB) has published a consultation on its proposed strategic objectives, supporting themes and work plan priorities from 2019 to 2023.

IPSASB proposed strategic objective of strengthening public financial management (PFM) globally through increasing adoption of accrual-based IPSAS is axed around two sets of activity. First the development of IPSAS and other high-quality financial reporting guidance for the public sector. Second, to raise awareness of IPSAS and the benefits of accrual accounting for the public sector.

In addition, IPSASB plans to take on three new projects: accounting for natural resources, discount rates and differential reporting.

Comments are requested by 15 June 2018.

Meanwhile the International Arab Society of Certified Accountants (IASCA) in Jordan has issued the Arabic version of the International Public Sector Accounting Standards (IPSAS) 2016 handbook.

In January 2017 IASCA outlined its commitment to IPSAS adoption in the region and for the Arab accounting institutes to obtain IFAC membership.  Currently, only the Jordanian Association of Certified Public Accountants (JACPA) and IASCA are members.

Top Content

    Choosing the right location can have cast-iron benefits

    As Game of Thrones, one of the biggest television shows of all time, comes to an end, Joe Pickard looks at how tax incentives offered to television and film production companies help the wider economy.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.