Global Public Sector Shift to Accrual Accounting Forecast to Continue

News · 11 يونيو 2021

Subtitle:

Joint report by IFAC and CIPFA forecasts 50% of jurisdictions globally will report on an accrual basis by 2025

Date:

Wed, 2021-06-16

Location/Media Outlet:

New York & London

In 2025, governments in 50% of jurisdictions will report on an accrual basis, according to a report released today by the International Federation of Accountants (IFAC) and the Chartered Institute of Public Finance and Accountancy (CIPFA). The report was drawn from the International Public Sector Financial Accountability Index, which captures current and future use of public financial reporting bases and frameworks by governments around the world.

Boilerplate:

About IFAC

IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. CIPFA shows the way in public finance globally, standing up for sound public financial management and good governance around the world as the leading commentator on managing and accounting for public money.

Issues, Insights & Interest Areas:

Adoption & Implementation

Public Sector/Sovereign Debt

Language:

English

News Type:

Press Releases/News Alerts

Source:

IFAC

Hide Banner:

1

http://feeds.feedburner.com/~r/ifac-issues-insights/~4/MtdNyDBWO8A