IPSASs now available in French and Spanish

The International Public Sector Accounting Standards Board of the International Federation of Accountants has published French and Spanish translations of its 2005 Handbook of International Public Sector Accounting Pronouncements. Both contain translations of the 21 accrual basis international public sector accounting standards (IPSASs) and the comprehensive cash basis IPSAS. These translations will increase the accessibility of the standards and will further help to enhance the accountability and transparency of governmental financial reporting.

IPSASs set out the requirements for financial reporting by governments and other public sector entities other than government business enterprises. The accrual IPSASs are based on international financial reporting standards (IFRSs) issued by the International Accounting Standards Board (IASB) to the extent that the requirements in those standards are applicable to the public sector.

“We believe that providing the handbook in French and Spanish will both encourage the use of international public sector financial reporting standards and help facilitate convergence of national and international standards,” says Philippe Adhémar, IPSASB chairman.

The French and Spanish handbooks are available free of charge in print and a

PDF downloadable version. They can be ordered from the IPSASB section of www.ifac.org/store.