International Public Sector Accounting Standards - IPSAS Adoption By Intergovernmental Organizations

IPSAS Adoption By Intergovernmental Organizations

The following intergovernmental organizations have adopted IPSAS or are in the process of adopting IPSAS:

• Commonwealth Secretariat: Adopted IPSAS as the basis for financial reporting from 1 July 2008 i.e. Financial Year 2008-2009. Source: Commonwealth Secretariat Website 2008-09 Audited Financial Statements (Page 5 under Accounting Policies). http://www.thecommonwealth.org/document/181889/34293/39128/171664/234661/audited_accounts.htm
• CoE (Council of Europe): Issues IPSAS compliant financial statements since 2007.
• EC (European Communities): Issues IPSAS-similar financial statements since 2005.
• ESA (European Space Agency): Aims to be IPSAS compliant by January 1, 2010.
• EUMETSAT (European Organisation for the Exploitation of Meteorologial Satellites): Aims to be IPSAS compliant with the production of the annual accounts 2012, in March 2013.
• INTERPOL (International Criminal Police Organization): From 2007 onwards, financial statements are prepared in accordance with INTERPOL's Financial Regulations and in compliance with IPSAS. If there is a divergence between IPSAS and INTERPOL's Financial Regulations, the INTERPOL Financial Regulations have been applied. Divergences are not deemed to be significant.
• ITER (ITER Organization - IO): Issues IPSAS financial statements since 2008.
• NATO (North Atlantic Treaty Organization): Issues IPSAS financial statements since 2008.
• OECD (Organisation for Economic Cooperation and Development): Issues IPSAS-compliant financial statements since 2000, the first body in the world to do so.