ipsas support

Governments are recognising that International Public Sector Accounting Standards (IPSASs) represent the future of public financial management (PFM) and will help citizens have access to fuller information about the financial consequences of political decisions, as well as about the financial situation of their government.

CIPFA has solutions to support organisations and governments no matter what stage they are at in adopting IPSAS and moving from cash to accruals.

IPSAS training and implementation alliance  

CIPFA and Ernst & Young have joined forces to help organisations and governments around the world to improve their PFM standards after the global financial crisis exposed the seriousness of sub-standard reporting by governments. Specifically the alliance is to support organisations and governments to implement IPSAS.

The alliance combines Ernst & Young’s experience working on IPSAS projects around the world and CIPFA’s experience in professional capacity development and certified financial management training.

The support includes identifying how ready existing accounting systems are for IPSAS before developing and implementing plans to introduce IPSAS. Throughout, skills and experience are transferred to relevant staff through training and development.

Speaking at the IFAC Sovereign Debt Crisis conference in Vienna in March 2012 James Turley, Chief Executive Officer, Ernst & Young said: “Our profession can help advise on a wide range of related issues from bridging skills gaps or high staff turnover through better education, training and development to providing technical support on the ground to implement new initiatives. And I’m pleased that Ernst & Young has just agreed to partner with CIPFA in this field.”

Download the brochure

Email alan.edwards@cipfa.org for further information.

IPSAS and IFRS

The Certificate in International Public Sector Financial Reporting (Cert IPSFR) is an online learning programme from CIPFA and the ICAEW (Institute of Chartered Accountants in England and Wales). A unique public sector focused programme, it develops a fundamental understanding of both the International Financial Reporting Standards (IFRSs) and their public sector equivalents, International Public Sector Accounting Standards (IPSASs).

The programme provides a practical insight into the divergences between the two sets of standards, as well as the different public and private sector reporting perspectives that drive these.