An independent organization, operating under the auspices of the International Federation of Accountants (IFAC), that aims to enhance the quality and transparency of public sector financial reporting worldwide. The Board issues International Public Sector Accounting Standards (IPSAS) that place a particularly strong emphasis on the accruals concept.
The International Public Sector Accounting Standards Board (IPSASB) is a global standard-setting body responsible for developing and promoting the adoption of International Public Sector Accounting Standards (IPSAS) to enhance the quality and transparency of public sector financial reporting.
