The International Public Sector Accounting Standard Boards IPSASB)– formerly the Public Sector Committee – of the International Federation of Accountants focuses on the accounting, auditing, and financial reporting needs of national, regional, and local governments, related governmental agencies, and the constituencies they serve.The IPSASB’s current activities are focused on the development of International Public Sector Accounting Standards (IPSAS) for financial reporting by governments and other public sector entities the Standard Project). The IPSASB has adopted a set of procedures by which it considers IASB documents for convergence. The IPSASB will use the analysis resulting from this process to determine whether identified public sector issues warrant departures from the IASB document when developing the related IPSAB document […]