International Public Sector Accounting Standards Board (IPSASB)

The International Public Sector Accounting Standards Board (IPSASB) is a global organization that develops and cares for a set of accounting rules specifically designed for public sector entities, such as governments and non-profit organizations. These standards help ensure transparency, consistency, and accountability in financial reporting across different countries. By providing clear guidelines on how to prepare and present financial statements, IPSASB promotes trust and comparability, making it easier for taxpayers, policymakers, and stakeholders to understand how public funds are managed and spent.