IPSAS (International Public Sector Accounting Standards)

IPSAS (International Public Sector Accounting Standards) are a set of globally recognized rules designed to guide how government entities and public organizations prepare their financial statements. They ensure transparency, accountability, and consistency in reporting financial information, making it easier to compare the financial health of different public sector entities across countries. By following these standards, governments can provide accurate and reliable financial reports to citizens, auditors, and international bodies, fostering trust and informed decision-making in public finance management.