IPSASB (International Public Sector Accounting Standards Board)

The IPSASB (International Public Sector Accounting Standards Board) is an organization that develops and promotes accounting standards specifically for government entities and public sector organizations worldwide. Its goal is to ensure transparency, consistency, and accountability in how governments and public institutions record and report their financial information. By adopting these standards, public sector entities can produce clear, comparable, and reliable financial reports, which help citizens, investors, and policymakers understand how public resources are managed and spent.