1 / 9

Task Force on Harmonization of Public Sector Accounting TFHPSA Progress Report 6th Annual OECD Public Sector Accrual S

. PlanIntroduction: TFHPSAStrategyAchievementsAreas for future workConclusion. . Introduction: TFHPSAchaired by the IMF with the OECD providing the Secretariat. created at OECD Headquarters in October 2003, following on a meeting initiated by the Public Sector Committee of the Internati

ellison
Download Presentation

Task Force on Harmonization of Public Sector Accounting TFHPSA Progress Report 6th Annual OECD Public Sector Accrual S

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    4. Strategy Work organized under: Working Group I: focus on harmonization between accounting and statistical guidelines (chaired by IPSASB). Working Group II: focus on update of SNA 1993, notably on five issues, and a chapter on government and public sector (chaired by OECD).

    5. Achievements Extensive documentation on the International Public Sector Accounting Standards (IPSAS) and Government Statistical Guidelines Development of a draft accounting standard on the General Government Sector (ED 28) Private/Public/Government statistical sector delineation based on a definition of control closer to that of accounting

    6. Achievements (continued) Special Purposes Entities and Restructuring agencies Debt and Debt Reorganization Tax Revenue and Tax Credit  

    7. Achievements (continued) Guarantees Transactions of government with its public corporations Chapter on government and public sector  

    8. Areas of future work Performance reporting Accrued earnings from equity investment Provisions and contingent liabilities Other areas (private and public, PPP, joint ownership of unincorporated joint ventures )

    9. Conclusion Drivers for further convergence between accounting and statistical standards: recent past developments in accounting, finance and statistics provide opportunity for further convergence and harmonization. the need of comparable data across countries, and details to link the micro-unit and the macro-aggregates favour convergence. calls to enhance the efficiency and effectiveness of statistical production, notably by streamlining the statistical process and limiting respondent burden of the source data providers.

More Related