International Public Sector Accounting Standards Board

The International Public Sector Accounting Standards Board (IPSASB) is an organization that develops and promotes high-quality accounting rules for governments, public organizations, and non-profit entities worldwide. Its goal is to ensure transparency, accountability, and consistency in financial reporting across different countries and agencies. These standards help public sector entities effectively communicate their financial situations, enabling better decision-making by governments, stakeholders, and the public. By creating globally recognized guidelines, the IPSASB supports improved governance and fiscal responsibility in the public sector.