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Article: Global set of public sector accounting standards in the pipeline.

Article from:
Australasian Business Intelligence
Article date:
August 10, 2006
Copyright

Byline: Mark Fenton-Jones

Aug 10, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The International Accounting Standards Board (IASB) has been criticised for focusing excessively on the private sector. Standard-setting bodies in nations including New Zealand, Australia, Canada and the UK have called on the IASB and the Financial Accounting Standards Board to take the public sector and non-profit organisations into consideration. The International Public Sector Accounting Standards Board (IPSASB) met in July 2006, to discuss potential collaborative projects working towards the establishment of a public sector framework. It was decided that the ...

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