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23 Jun 22
Comprehensive accrual accounting is required to meet a challenging economic reality, argue Ian Ball, John Crompton and Dag Detter.
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30 Jun 21
Public assets such as infrastructure are at greater risk of falling into disrepair if the government that owns them uses cash accounting, a conference has been told.
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17 Jun 21
Public bodies in more than half the world will undertake financial reporting on an accrual basis, according to new research.
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23 Apr 20
The coronavirus pandemic will have a long-lasting effect on public finances. Governments need the complete picture that modern accounting standards provide in order to navigate the recovery, argues...
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21 Apr 20
Quality information from accruals accounting will be vital for governments when navigating the post-coronavirus recovery, argues Professor Ian Ball from Victoria University of Wellington.
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20 Mar 20
Economic crises and natural disasters take a heavy toll on a country, but with strong public finance institutions in place, governments can continue to provide good services and a robust safety net....
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3 Mar 20
A complete global transition to accrual accounting would result in better public services around the world, according to a new report.
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7 Feb 19
Adopting accounting standards similar to those used by private companies and based on accrual accounting could restore trust in governments, writes investment consultant Dag Detter.
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4 Dec 18
Attracting accountants to the public sector is one of Malta’s biggest challenges as it shifts to an accrual-based financial reporting system, the director of government accounts has told PF...
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27 Nov 18
The move to accrual accounting by the world’s most powerful economies could put “healthy” peer pressure on others to follow suit, the global accountancy body has said.
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5 Nov 18
The new Malaysian government has allocated 227.5m ringgit ($54.39) to increase the number of accountants in the country, in its budget last week.
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4 Nov 18
Almost two thirds of governments around the world will shift to accrual-based accounting within the next five years, CIPFA and the International Federation of Accountants have predicted.
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17 Oct 18
Although most countries are united in the desire to shift to accrual accounting, many fail in their aim. But there are some simple ways to keep the process on track, says international public...
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3 Sep 18
A row has erupted between Malaysia’s former prime minister and the current finance minister over unpaid tax refunds.
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25 Jun 18
Public sector accountants play a “vital role” in pressuring governments around the world to reform their financial management systems amid global challenges, CIPFA’s president has said.
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4 May 18
Indian Railways – one of the biggest public sector employers in the world – is starting a move to implement accruals as part of a major reform of its accounting system.
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26 Apr 18
Accrual accounting is “fundamental for informed decision-making”, Jamaica’s auditor general has said, as she called for greater adoption of international accountancy standards.
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22 Mar 18
The government of Zimbabwe has reaffirmed its commitment to implementing as accruals based accounting system to enhance transparency and accountability.
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7 Dec 17
The prime minister of Bahamas has announced plans to fully switch to accrual-based accounting, claiming that the current accounting system is “woefully lacking” when it comes to providing an overview...
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25 Sep 17
Since the New Zealand government blazed a trail by shifting to accruals accounting in 1992, it has been taking off in the public sector across the world.
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15 Aug 17
Malta’s ministry of finance is working towards introducing accrual accounting to all government departments over the next two and a half years.
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4 Apr 17
Almost all Caribbean nations have adopted IPSAS or are in the process of doing so, according to a recent study.
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29 Mar 17
Despite its reputation for fiscal prudence, Germany appears determined to stick with a cash-based rather than an accruals system. Why is this?
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22 Mar 17
Nigeria today launched an IPSAS-compliant accounting solution to be rolled out across the country’s federal, state and local government.
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20 Mar 17
Jim Brumby, director of public service and performance at the World Bank's Governance Global Practice, discusses whether the bank is satisfied with the pace of accruals adoption and what it is doing...