Presentation by Gwenda Jensen, Senior Technical Manager, IPSASB, for American Accounting Association, International Accounting Section, Midyear Meeting, February 19, 2016 in New Orleans, LA, USA

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International Public Sector
Accounting Standards Board
Gwenda Jensen, Senior Technical Manager,
IPSASB
American Accounting Association,
International Accounting Section,
Midyear Meeting
New Orleans, February 19, 2016

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1. International Public Sector Accounting
Standards Board (IPSASB)
• International board, meets four times per year,
• IPSASB aims to:
– Strengthen public sector financial management
– Increase adoption of accruals-based International Public
Sector Accounting Standards
• Public sector financial management important:
– Taxpayers
– Service recipients

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1. IPSASB—Public sector organizations
– Federal and state
governments, city councils…
– Military, museums, etc.
– International organizations:
NATO, European Commission,
United Nations
Services and financial impact:
Government expenditure more
than 1/3 of GDP, Government
bonds are major part of
financial markets
Public sector
accounting, finances
and water

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1. IPSASB: Who uses IPSAS?
New
Zealand
Portugal
United
Kingdom
South
Africa
Tanzania
Malaysia
Brazil
Chile
Austria
Indonesia
Mexico
(local
government)

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2. Research Opportunities
• Adoption of IPSAS:
– Who is adopting and what are the implementation issues?
– What has been the impact of IPSAS adoption?
– What are reasons why countries do not adopt IPSAS?
• Technical topics, for example:
– Heritage assets, social benefits, infrastructure
– Service performance reporting
– Environmental reporting (sustainability)

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Questions & Further Information
Website: www.ipsasb.org
IPSASB Chair: iancarruthers@ipsasb.org
Acting Technical Director: johnstanford@ipsasb.org