FINANCIAL AUDIT AND ACCOUNTING SUBCOMMITTEE (FAAS)
  • ABOUT FAAS
    • HISTORY
    • MEMBERS AND OBSERVERS
    • TERMS OF REFERENCE
    • WORK PLAN
    • ANNUAL MEETINGS
    • FAAS ONLINE WORKSPACE
  • FINANCIAL ACCOUNTING
    • CASH BASIS EXPLAINED
    • ACCRUAL BASIS EXPLAINED
    • RULES-BASED vs PRINCIPLES-BASED EXPLAINED
    • COMPLIANCE vs FAIR PRESENTATION EXPLAINED
    • GENERAL PURPOSE vs SPECIAL PURPOSE EXPLAINED
    • INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) >
      • CASH BASIS IPSAS
      • ACCRUAL BASIS IPSAS
  • FINANCIAL AUDITING
    • STANDARDS
    • GUIDANCE
    • METHODOLOGY >
      • PLANNING THE AUDIT
      • CONDUCTING THE AUDIT >
        • TEST OF AN INTERNAL CONTROL
        • SUBSTANTIVE ANALYTICAL PROCEDURE
        • SUBSTANTIVE TEST OF DETAIL
        • DATA ANALYTICS
      • REPORTING THE RESULTS OF THE AUDIT
  • DISCUSSION FORUM
  • FAAS SECRETARIAT
The International Public Sector Accounting Standards (IPSASs) are developed and maintained by the International Public Sector Accounting Standards Board (IPSASB)

IPSASs include both cash basis and accrual basis accounting standards.

IPSASs are designed to apply to public sector entities that meet all the following criteria:

  • Are responsible for the delivery of services to benefit the public and/or to redistribute income and wealth;​
  • Mainly finance their activities, directly or indirectly, by means of taxes and/or transfers from other levels of government, social contributions, debt or fees; and
  • Do not have a primary objective to make profits.
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  • ABOUT FAAS
    • HISTORY
    • MEMBERS AND OBSERVERS
    • TERMS OF REFERENCE
    • WORK PLAN
    • ANNUAL MEETINGS
    • FAAS ONLINE WORKSPACE
  • FINANCIAL ACCOUNTING
    • CASH BASIS EXPLAINED
    • ACCRUAL BASIS EXPLAINED
    • RULES-BASED vs PRINCIPLES-BASED EXPLAINED
    • COMPLIANCE vs FAIR PRESENTATION EXPLAINED
    • GENERAL PURPOSE vs SPECIAL PURPOSE EXPLAINED
    • INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) >
      • CASH BASIS IPSAS
      • ACCRUAL BASIS IPSAS
  • FINANCIAL AUDITING
    • STANDARDS
    • GUIDANCE
    • METHODOLOGY >
      • PLANNING THE AUDIT
      • CONDUCTING THE AUDIT >
        • TEST OF AN INTERNAL CONTROL
        • SUBSTANTIVE ANALYTICAL PROCEDURE
        • SUBSTANTIVE TEST OF DETAIL
        • DATA ANALYTICS
      • REPORTING THE RESULTS OF THE AUDIT
  • DISCUSSION FORUM
  • FAAS SECRETARIAT