As countries work to strengthen public financial management, the shift from cash to accrual accounting is accelerating. High-quality standards like IPSAS are essential for transparency, accountability, and better decision-making.

To help jurisdictions and professional accountancy organizations implement IPSAS, IFAC and the IPSASB have released Implementing International Public Sector Accounting Standards (IPSAS): IFAC Tools. This resource offers practical guidance, templates, and training materials to support adoption and build capacity.

IFAC CEO Lee White underscored that global standards lead to better outcomes, while IPSASB Chair Ian Carruthers highlighted the toolkit’s role in helping public sector entities achieve more transparent and sustainable finances.

Full info obtained here