Due Process
IPSAS are issued by IPSASB (International Public Sector Accounting Standards Board), an independent organ of IFAC (International Federation of Accountants). The IPSASB adopts a due process for the development of IPSAS that provides the opportunity for comment by interested parties including auditors, preparers (including finance ministries), standard setters, and individuals. IPSASB meetings to discuss the development and to approve the issuance of IPSAS or other papers are open to the public. Agenda papers, including the minutes of the meetings of the IPSASB, are published on the IPSASB's website: www.ipsasb.org. Observers on the IPSASB meetings include ADB, EU, IASB, IMF, INTOSAI, OECD, UN, UNDP and the World Bank.
Read more about this topic: International Public Sector Accounting Standards
Famous quotes containing the words due and/or process:
“Humanity from the first has had its vultures and sharks, and representatives of the fraternity who prey upon mankind may be expected no less in America than elsewhere. That this virulence breaks out most readily and commonly against colored persons in this country, is due of course to the fact that they are, generally speaking, weak and can be imposed upon with impunity. Bullies are always cowards at heart ...”
—Anna Julia Cooper (1859–1964)
“Any balance we achieve between adult and parental identities, between children’s and our own needs, works only for a time—because, as one father says, “It’s a new ball game just about every week.” So we are always in the process of learning to be parents.”
—Joan Sheingold Ditzion, Dennie, and Palmer Wolf. Ourselves and Our Children, by Boston Women’s Health Book Collective, ch. 2 (1978)