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IFAC: Implementing IPSAS – IFAC Tools
- 18 July 2025
- Accounting
- South African Accounting Academy
Summary:
The International Federation of Accountants (IFAC) and the International Public Sector Accounting Standards Board (IPSASB) have compiled tools to assist with the adoption and implementation of the International Public Sector Accounting Standards (IPSAS).
Article:
As jurisdictions around the world commit to strengthening public financial management, the shift from cash to accrual accounting is accelerating. High-quality global public sector accounting standards are essential for enabling transparency and accountability and providing better information for decision-making. With the increasing adoption of IPSAS Standards, there is a need for tools to help support each stage of implementation, from advocacy to capacity building to training.
In collaboration with the International Public Sector Accounting Standards Board (IPSASB), this is a compilation of resources designed to help governments and public sector entities adopt and implement IPSAS Standards and help Professional Accountancy Organizations advocate for their use.
This new resource compiles IFAC’s tools that:
- Offer practical implementation guidance through the transition from cash to accrual, tailored to different contexts and reform stages, and;
- Help build capacity and technical knowledge with training materials, templates, and examples.
Click here to download the 3-page document:
https://ifacweb.blob.core.windows.net/publicfiles/2025-06/IFAC-IPSAS-Adoption-Implementation.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- It is important to stay informed on publications issued by the regulators and standard-setters, e.g. IFAC.
- These IPSAS and IFAC tools can assist many stakeholders to adopt and implement international public sector accounting standards successfully.
Relevance to Your clients:
- It is important to stay informed on publications issued by the regulators and standard-setters, e.g. IFAC.
- These IPSAS and IFAC tools can assist many stakeholders to adopt and implement international public sector accounting standards successfully.