International Public Sector Financial Accountability Index - 2018 Status Report

Accountability index 2018 report cover

Summary

Accrual reporting – recording the economic substance of transactions when they occur rather than when cash settlement occurs – is fundamental to good decision making, transparency and accountability. This summary report provides a picture of the quality of public financial information and the extent of IPSAS adoption around the world and uses the data as of October 2018.

Format

PDF

Published

Nov 2018

Author

CIPFA/IFAC

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Accrual reporting - recording the economic substance of transactions when they occur rather than when cash settlement occurs - is fundamental to good decision making, transparency and accountability.

The International Public Sector Financial Accountability Index, produced by IFAC and CIPFA, provides an accurate and actual picture of the quality of public financial information around the globe, and in particular the extent of IPSAS adoption. In addition, as many jurisdictions have implemented or engaged in accruals reforms, this Index aims at gaining a better understanding of the design of these reforms, and future reform plans. The main output will be a publicly available database, providing information on a country by country basis that will be regularly updated.

The Index collects, verifies, and analyses current financial reporting and budgeting frameworks used by federal and central governments around the world, and documents future reform plans. 

The Index currently contains data from 150 jurisdictions, with the intention to update and expand its coverage and depth over time. This report is a snapshot of the data as of October 2018 and the report will be updated every six months. 

Contribute to the Index
To contribute or update information about your country to the International Public Sector Financial Accountability Index, please email LindaLach@ifac.org or research@cipfa.org