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16 November 2017

ACCA´s report on IPSAS implementation


The ACCA´s examination of different countries suggests IPSAS adoption has started to provide significant and common advantages across the public sector, yet important challenges remain in the roadmap to full adoption.

Benefits of IPSAS adoption:

1. Greater accountability and transparency.

2. Better decision-making.

3. Improved efficiency.

4. Data consistency and application.

5. Sound financial management.

6. Professionalisation and access to talent.

7. Broader economic and social advantages.

8. Government stability.

9. International comparability.

The need for greater transparency and accountability in government financial reporting was heightened by the global financial crisis, which reduced the resources that governments had available. In some instances, information contained in cash based financial statements had been insufficient for countries to predict and prevent sovereign liquidity crises. To attract foreign direct investment, countries have initiated financial management reform programmes, including the adoption of accrual accounting as part of broader reform programmes.

Full report



© ACCA - Association of Chartered Certified Accountants


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