ICGFM Ad Hoc Committee on International Accounting Standards
The ICGFM Board established the Ad Hoc Accounting Standards Committee to prepare responses to the International Public Sector Accounting Standards (IPSAS) consultative papers and exposure drafts on behalf of the ICGFM members.
Members of the Ad Hoc Committee on International Accounting Standards:
To assure due process in establishing International Public Sector Accounting Standards, the IPSAS Board solicits comments from around the globe on accounting issues being deliberated by the Board. Consultative papers and exposure drafts of potential accounting standards are circulated for 3-4 months so interested parties can submit comments for Board consideration during their deliberations. Below are the ICGFM Committee's responses:
ICGFM Responses to the IPSAS Board
Elements and Recognition in Financial Statements
Phase 1 of the Conceptual Framework
Improvements to IPSAS 2011
Key Characteristics of Public Sector
Long-Term Sustainability of a Public Sector Entity's Finances
Reporting Service Performance Information
Financial Statement Discussion and Analysis
IPSASB Work Program 2013-2014
IPSAS versus GFS Reporting Guidelines
IPSASB ED-49 Consolidated Financial Statements
IPSASB ED 53 First Time Adoption of the IPSAS
IPSASB Strategy Consultation 2015-2019
IPSASB ED 56 - The Applicability of IPSASs
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Please be aware that the IPSAS Compilation Guide is an exposure draft, not for publication or use at this time. IPSASB will meet in September 2015 in New York. After those meetings, potential revisions to the exposure draft or creation of a new guide will be determined.
IPSAS Compilation and Certification
Program for Developing Countries
Many countries around the world indicate that they have adopted or are in the process of adopting either the Cash Basis IPSAS or the accrual IPSASs. To the best of our knowledge, the most complete, current listing is available at the following website:
The following Certificates of Conformance have been issued:
Two ministries in the Republic of Nepal for their budgetary and extra-budgetary entities as well as their government business enterprises and the Kingdom of Jordan for their budgetary entities.
ICGFM Responses to Other Entities