IFAC & CIPFA Announces an Index that will reflect the extent of accrual accounting and adoption of International Public Sector Accounting Standards (IPSASs)
The International Federation of Accountants ( IFAC ) and the Chartered Institute of Public Finance and Accountancy ( CIPFA ) have announced that they have begun building up an index that will reflect the extent of accrual accounting and adoption of International Public Sector Accounting Standards ( IPSASs ) around the world. The index will initially be populated with research data on individual countries and regions, collected by various international institutions. National standard-setters will be invited to review, comment upon, and supplement the information, after which the first set of data will be made available in November 2017.