CIPFA’s Ian Carruthers, Executive Director Policy and Standards, has been appointed chair of the International Public Sector Accounting Standards Board (IPSASB).
Commencing in January 2016, he will hold the position for three years, during which time he will lead the board in developing and promoting high-quality financial reporting standards for use by public sector entities around the world. He will undertake his role as Chair for three-quarters of his time, with the balance spent with CIPFA.
Ian Carruthers commented on the announcement:
“I am honoured to have been chosen to lead IPSASB through the next exciting and crucial phase of its work, in particular in addressing some of the most pressing financial reporting issues facing the public sector today.
“By combining my new IPSASB position with an ongoing role at CIPFA, I hope to be able to maximise the contribution that both can make to strengthening public financial management globally.”
Rob Whiteman, Chief Executive of CIPFA, said:
“I am delighted that Ian will now be the driving force behind IPSASB improving public sector financial reporting around the world.
“CIPFA nominated Ian for this role, as he has proven ability in working with and influencing diverse stakeholder groups to help strengthen governance and public financial management in the public sector.
“IPSASB and CIPFA both seek to increase capacity and capability in public financial management globally, so Ian’s new roles in both bodies should help to make the step change we have been calling for in recent years.”
For more information contact the CIPFA press office on 020 7543 5840 / 5787 / 5675 or email Saskia.firstname.lastname@example.org
Ian Carruthers is a member of the International Public Sector Accounting Standards Board (IPSASB), and is a member of the Board’s liaison group with the International Accounting Standards Board (IASB). He has led IPSASB’s work on Long Term Financial Sustainability and alignment between IPSASs and Government Finance Statistics, and represents the Board in the Eurostat Task Forces developing proposals for European Public Sector Accounting Standards.
After joining HM Treasury from PricewaterhouseCoopers in 1999, he played a key role in the UK Government’s transition from cash to accrual budgeting and reporting, in particular leading the Whole of Government Accounts programme. Ian joined CIPFA in 2006. CIPFA promotes and supports improvements in public financial management and governance across the public services globally, as well as setting financial management and reporting standards for local government in the UK. Ian’s role encompasses all these aspects of the Institute’s activities, and he has led its work on the role of the public services CFO and implementation of IFRS across the UK public sector, as well as the development of the International Framework for Good Governance in the Public Sector with IFAC.
The Chartered Institute of Public Finance and Accountancy (CIPFA) is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public services. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.
Uniquely among the professional accountancy bodies in the UK, CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government. CIPFA’s members work (often at the most senior level) in the public service bodies, in the national audit agencies and major accountancy firms. They are respected throughout for their high technical and ethical standards and professional integrity. CIPFA also provides a range of high quality advisory, information and training and consultancy services to public service organisations. As such, CIPFA is the leading independent commentator on managing and accounting for public money.
The IPSASB develops accounting standards and guidance for use by public sector entities. It receives support (both direct financial and in-kind) from the World Bank, the Asian Development Bank, the Chartered Professional Accountants of Canada, the South African Accounting Standards Board, and the governments of Canada, New Zealand, and Switzerland. The structures and processes that support the operations of the IPSASB are facilitated by IFAC. “International Public Sector Accounting Standards Board”, “IPSASB”, and “IPSAS” are trademarks or registered trademarks of IFAC in the US and other countries.