Review of the practical implementation of international public sector accounting standards

This chapter contains a summary of recent developments regarding the international public sector accounting standards (IPSAS) and a review of the process of their adoption around the world. In addition, this chapter highlights forthcoming standards, progress concerning accrual-based IPSAS globally and selected key practical issues that may arise during implementation. Practical challenges may emerge with regard to regulatory context, institutional arrangements, changes in and updating of information technology (IT), technical accounting and financial reporting issues and challenges arising from the broader development of the public sector accounting profession, in particular skills development.

Sustainable Development Goals:

Responsible Consumption and Production

Partnerships for the Goals