The International Public Sector Accounting Standards (IPSAS) are becoming increasingly important and prompting better and more comparable financial reporting by public sector institutions around the world. Uniform accounting principles are meant to facilitate the preparation of consolidated financial statements and make it easier to procure capital for the public sector. Because they closely follow the International Financial Reporting Standards (IFRS), IPSAS are a set of rules that is well understood and recognized the world over. These standards offer international non-profit organizations (NPOs) a valuable framework for ensuring globally transparent financial reporting. IPSAS-based financial reporting can establish trust, create transparency and also make it possible to tap new sources of funding. 

KPMG’s expertise

• Official publisher of the authorized German translation of IPSAS. All standards have been supplemented with flowcharts for ease of reading.
• Auditing of public sector institutions
• Support on matters related to accounting and reporting
• Support provided by interdisciplinary project teams for redesigning processes and the IT environment
• Roll-out and review of planning and control instruments