Public Financial Management

International Public Sector Financial Accountability Index: 2018 Status Report

65% of governments globally will report on an accrual basis by 2023, finds a new report. The joint report by IFAC (the International Federation of Accountants) and CIPFA (the Chartered Institute of Public Finance and Accountancy) forecasts rapid acceleration of accrual accounting and international standards adoption.

Technical Excellence & Value Management Conference- Day 1 Highlights (PVM)

Public Value Management Conference (PVM): The conference held at the Hilton Nairobi on 08 October 2018. The event attracted 107 delegates from 12 countries across the continent including; Kenya, Sierra Leone, Rwanda, Botswana, Malawi, Nigeria, Zambia, South Africa, Zimbabwe, Uganda, Chad, and Lesotho.

Improvements to IPSAS, 2018

The International Federation of Accountants (IFAC) has on the 26 October 2018 published the Final Pronouncement on Improvements to IPSAS, 2018.

2018 Handbook of International Public Sector Accounting Pronouncements

The International Federation of Accountants (IFAC) on September 28, 2018 Published the 2018 Edition of IPSAS.

IPSAS 41 Released to Improve Financial Instruments Reporting

The International Public Sector Accounting Standards Board (IPSASB) has released IPSAS 41, Financial Instruments. IPSAS 41 is based on International Financial Reporting Standard (IFRS) 9, Financial Instruments, developed by the International Accounting Standards Board (IASB), but it also includes public sector-specific guidance and illustrative examples on: