Assessment of the suitability of the International Public Sector Accounting Standards for the Member States - Public consultation
Title
Assessment of the suitability of the International Public Sector Accounting Standards for the Member States - Public consultation
Policy field(s)
Economic and Financial Affairs, Statistics
Target group(s)
All citizens and organisations are welcome to contribute to this consultation. Contributions from national governments/ national public authorities and some known stakeholders will also be invited directly[1]. [1] IPSAS Board, IFAC, OECD, ECB, etc.
[1] IPSAS Board, IFAC, OECD, ECB, etc.
Period of consultation
From 17/02/2011 to 11/05/2012 (closed).
Objective of the consultation
The "Six-Pack" legislative package adopted by the Council of the European Union on 8 November 2011 marks an important reinforcement of economic governance in the EU.
One of the elements of the Six-Pack - the Council Directive on requirements for budgetary frameworks of the Member States - calls for the Commission to carry-out an assessment of the suitability of International Public Sector Accounting Standards (IPSAS) for EU Member States by the end of 2012. On behalf of the Commission, Eurostat will carry-out the assessment report.
International Public Sector Accounting Standards are developed and overseen by the IPSAS Board , which is an independent standard-setting body. The IPSAS standards are founded on International Financial Reporting Standards (IFRS), adapted as necessary to the specific requirements of the public sector. IPSAS standards are focussed on accrual accounting.
Taking into account the importance this subject and the potential interest of a wide range of stakeholders, and given the potential resource implications of any recommendations on future IPSAS implementation, Eurostat is launching this public consultation.
How to submit your contribution
Please complete either the online questionnaire or download the word version and send it by e-mail to the following address: ESTAT-IPSASconsultation@ec.europa.eu
The documents are published in English and translations may be made available in other official languages of the European Union upon request.
All contributions will be published on the Internet. It is important to read the specific privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.
Consultation document
Before submitting your contribution, please read carefully the IPSAS consultation paper which provides background information.
In the interests of transparency, organisations have been invited to provide the public with relevant information about themselves by registering in the Interest Representative Register and subscribing to its Code of Conduct. If you are a Registered organisation, please indicate the name and address of your organisation and your Interest Representative Register ID number on the questionnaire. If your organisation is not registered, you have the opportunity to Register here. If the organisation is not registered, the submission is published separately from the registered organisations.
Results of consultation and next steps
A summary of results of the consultation will be published in the second half of 2012.