FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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c.Why the IPSASB developed the IPSASs? 
d.What are the scopes of the IPSASs? 

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  • International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards developed by the IPSAS Board for use in the preparation of financial statements by public sector enterprises all over the world. These guidelines are based on the International Accounting Standards Board's (IASB) International Financial Reporting Standards (IFRS) (IASB).

  • The International Public Sector Accounting Standards Board (IPSASB) develops IPSAS international accrual-based accounting standards for use by governments and other public sector entities around the world, with the goal of improving public sector financial reporting worldwide. 
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