International Public Sector Accounting Standards Information Release
Page updated 23 Nov 2009
The Treasury has released a report prepared by the Office of the Auditor-General (OAG) on the government's financial statements' compliance with International Public Sector Accounting Standards (IPSAS).
As noted at Financial Reporting on this website, the Financial Statements of the Government of New Zealand are compliant with NZ GAAP represented by NZ IFRS.
In 2009 the Treasury requested a review of these financial statements for compliance with International Public Sector Accounting Standards (IPSAS). This analysis was intended to be useful:
- for assessing the extent of the work that would be required should the government move to IPSAS
- in forming an assessment of the value and credibility of IPSAS (for people who have little knowledge of IPSAS)
- for considering the impact of adopting IPSAS on the financial statements of Government, and
- in suggesting whether there are particular standards or issues that NZ should raise with the IPSASB.
The results of that review are set out in the OAG report released here.
Using PDF Files
|27 Oct 2009||Office of the Auditor-General||Review of the Government's Financial Statements for Compliance with International Public Sector Accounting Standards
Released 23 November 2009. 7 pages.
|oag-ipsas-oct09.pdf (1,340 KB)|