International Public Sector Accounting Standards

International Public Sector Accounting Standards

International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements. These standards are based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

Read more about International Public Sector Accounting Standards:  Objective, Scope, Due Process, Convergence of IPSAS With IFRS, Language of IPSAS, Features of IPSAS, Funding, The Impact of The Credit Crisis On Public Sector Accounting, IPSAS Adoption By Intergovernmental Organizations, IPSAS Adoption By Country

Famous quotes containing the words public, accounting and/or standards:

    All public facts are to be individualized, all private facts are to be generalized.
    Ralph Waldo Emerson (1803–1882)

    At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses.
    Karl Liebknecht (1871–1919)

    Our ego ideal is precious to us because it repairs a loss of our earlier childhood, the loss of our image of self as perfect and whole, the loss of a major portion of our infantile, limitless, ain’t-I-wonderful narcissism which we had to give up in the face of compelling reality. Modified and reshaped into ethical goals and moral standards and a vision of what at our finest we might be, our dream of perfection lives on—our lost narcissism lives on—in our ego ideal.
    Judith Viorst (20th century)