International Public Sector Accounting Standards Board (IPSASB)

IFAC IFAC is the global organization for the accountancy profession. It works with its 157 members and associates in 123 countries and jurisdictions to protect the public interest by encouraging high quality practices by the world's accountants. IFAC members and associates, which are primarily national professional accountancy bodies, represent 2.5 million accountants employed in public practice, industry and commerce, government, and academia.

IFAC The International Federation of Accountants (IFAC), founded in 1977, is the worldwide organization for the accountancy profession. IFAC’s governing bodies, staff and volunteers are committed to the values of integrity, transparency and expertise. IFAC also seeks to reinforce professional accountants’ adherence to these values, which are reflected in the IFAC Code of Ethics for Professional Accountants.

IFAC The mission of the International Federation of Accountants (IFAC), as set out in its constitution, is “to serve the public interest, IFAC will continue to strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence to high-quality professional standards, furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant.”

IFAC contributes to the efficient functioning of the international economy by: 1.Improving confidence in the quality and reliability of financial reporting; 2.Encouraging the provision of high-quality performance information (financial and non- financial) within organizations; IFAC

3.Promoting the provision of high-quality services by all members of the worldwide accountancy profession; and 4.Promoting the importance of adherence to the Code of Ethics for Professional Accountants by all members of the accountancy profession, including members in industry, commerce, the public sector, the not-for-profit sector, academia, and public practice. IFAC

IFAC provides leadership to the worldwide accountancy profession in serving the public interest by: 1.Developing, promoting and maintaining global professional standards and a Code of Ethics for Professional Accountants of a consistently high quality; 2.Actively encouraging convergence of professional standards, particularly auditing, assurance, ethics, education and financial reporting standards;

IFAC 3.Seeking continuous improvements in the quality of auditing and financial management; 4.Promoting the values of the accountancy profession to ensure that it continually attracts high caliber entrants; 5.Promoting compliance with membership obligations; and 6.Assisting developing and emerging economies, in cooperation with regional accounting bodies and others, in establishing and maintaining a profession committed to quality performance and in serving the public interest.

IPSASB In pursuing its mission, the IFAC Board has established the International Public Sector Accounting Standards Board (IPSASB) to develop high–quality accounting standards for use by public sector entities around the world in the preparation of general purpose financial statements. The IFACB has determined that designation of the IPSASB as the responsible body for the development of such standards, under its own authority and within its stated terms of reference, best serves the public interest in achieving this aspect of its mission.

IPSASB The IPSASB functions as an independent standard-setting body under the auspices of IFAC. It achieves its objectives by:  Issuing International Public Sector Accounting Standards (IPSASs);  Promoting their acceptance and the international convergence to these standards;  Publishing other documents which provide guidance on issues and experiences in financial reporting in the public sector.

The IPSASB's current activities are focussed on the development of International Public Sector Accounting Standards (IPSASs) for financial reporting by governments and other public sector entities (the Standards Project). The IPSASB's Standards Project was established in late The Preface to International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board explains that IFRSs are designed to apply to the general purpose financial statements of all profit-oriented entities. IPSASB

IPSASs The IPSASB has issued the following IPSASs: IPSAS 1, Presentation of Financial Statements, sets out the overall considerations for the presentation of financial statements, guidance for the structure of those statements and minimum requirements for their content under the accrual basis of accounting. IPSAS 2, Cash Flow Statements, requires the provision of information about the changes in cash and cash equivalents during the period from operating, investing and financing activities.

IPSAS 3, Net Surplus or Deficit for the Period, Fundamental Errors and Changes in Accounting Policies; IPSAS 4, The Effects of Changes in Foreign Exchange; IPSAS 5, Borrowing Costs ; IPSAS 6, Consolidated Financial Statements and Accounting for Controlled Entities; IPSAS 7, Accounting for Investments in Associates; IPSAS 8, Financial Reporting of Interests in Joint Ventures IPSASs

IPSAS 9, Revenue from Exchange Transactions; IPSAS 10,Financial Reporting in Hyperinflationary Economies; IPSAS 11, Construction Contracts; IPSAS 12, Inventories; IPSAS 13, Leases; IPSAS 14, Events After the Reporting Date; PSAS 15, Financial Instruments: Disclosure and Presentation; IPSAS 17, Property, Plant and Equipment; IPSAS 18, Segment Reporting IPSASs

IPSAS 19, Provisions, Contingent Liabilities and Contingent Assets; IPSAS 20, Related Party Disclosures; IPSAS 21, Impairment of Non-Cash-Generating Assets; IPSAS 22, Disclosure of Financial Information about the General Government Sector; IPSAS 23, Revenue from Non-Exchange Transactions (Taxes and Transfers); IPSAS 24, Presentation of Budget Information in Financial Statements. IPSASs

利用全球资源打造国际公共部门会计概念框架 2007 年 3 月 26 日, 国际公共部门会计准则 ( IPSASB) 下设的公共部门会计概念框架委会在香港召开会 议, 研讨公共部门财务报告目标财务报告范围、报 告主体和财务报告定性特征等内容。这标志着 IPSASB 利用全球资源、计划 6 年时间、打造自成 体系、高质量的、与国际财务报告准则 ( IFRS) 趋 同的国际公共部门会计概念框架工程拉开序幕。 按照 IPSASB 工作计划, 从 2007 年开始, 到 2012 将利 用全球有关国家会计准则制定机构的专业技术资源, 成立若干研究项目组、共同研究制定体现公共部门 需求和特点的国际公共部门会计概念框架。根据 IPSASB 计划, 项目研究工作分以下四个阶段 :

利用全球资源打造国际公共部门会计概念框架 第一阶段 (2007 年 1 月 —2008 年 7 月 ): 研究议题为 : 财 务报告目标 ( 英国 ASB 负责 ) 、财务报告范围 ( 南非 ASB 负责 ) 、财务报告定性特征 ( 挪威 NIPA 负责） | 、 财务报告主体 ( 澳大利业 AASB 负责 ) 。 第二阶段 (2007 年 10 月 —2009 年 ), 研究议题为 : 收 入、费用的定义和确认以及利得和损失 ; 资产、负 债的定义以及净资产。该阶段研究工作由法国、意 大利和中国会计准则制定机构负责, 具体分工将在 6 月底前由各国提出具体建议, IPSASB 进行评估后 确定。

利用全球资源打造国际公共部门会计概念框架 第三阶段 (2008 年 7 月 —2010 年 ), 研究议题为 : 计量、 财务报告列报。项目承担国家尚未确定。 第四阶段 (2010 年 —2012 年 ), 研究议题为 : 应计制基 础的概念框架、现金制基础的概念框架。项目承担 国家尚未确定。 根据 IPSASB 安排, 我国将于 2007 年 10 月参与合作 第二阶段项目的研究工作。