Accounting Standards Board Newsletter #5 - June 2021
Accounting Standards Board Newsletter #5 - June 2021
In this edition of the Newsletter:
International Public Sector Accountability Index published
International Public Sector Accountability Index published
The Index, published by IFAC and CIPFA, provides information on the adoption of accrual accounting and different reporting frameworks applied in 165 jurisdictions.
The reporting finds that while 30% of their governments reported on an accrual basis in 2020 (an increase of 6% since 2018), 50% will report on accrual by the end of 2025. Africa, Asia, and Latin America and the Caribbean will lead the projected increase in accrual adoption over the coming five years.
The Newsletter has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved or otherwise acted on by the Board.
