NEW YORK - The International Public Sector Accounting Standards Board (IPSASB) has issued on September 30, 2008 for comment a consultation paper focused on the development of an international public sector conceptual framework.
Comments on the consultation paper are requested by March 31, 2009.
To download the paper, please visit the following website: http://www.ifac.org/Guidance/EXD-Details.php?EDID=0119
The IPSASB is an independent standard-setting board of the International Federation of Accountants (IFAC); it focuses on the accounting and financial reporting needs of financial reporting needs of national, regional, and local governments. The primary goal of the IPSASB is to achieve convergence in financial reporting between different governments, with private sector, and between financial reporting and economic statistics.
IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.
For more information, please visit the following website:
www.ifac.org