IPSASB Conforms its Definition of Material The International Public Sector Accounting Standards Board (IPSASB®), developer of IPSAS® Standards, international accrual-based accounting standards for use by governments and other public sector entities around the world, has issued Definition of Material (Amendments to IPSAS 1, IPSAS 3, and the Conceptual Framework). “The amendments aim to bring consistency into our guidance on the definition of material, helping organizations apply it more effectively,” said Ian Carruthers, IPSASB ...

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The International Federation of Accountants (IFAC), with support from the Global Public Policy Committee (GPPC), has released Opening Doors: Six Principles of Best Practice to Increase Access to Accountancy Qualifications. The principles provide a practical framework for IFAC’s members and other professional accountancy organizations (PAOs) to welcome talent from diverse backgrounds, remove unnecessary barriers, and adapt qualification pathways—while maintaining the high standards that underpin public trust. “The accountancy profession is enriched t...

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The International Federation of Accountants (IFAC), with support from the Global Public Policy Committee (GPPC), has released Opening Doors: Six Principles of Best Practice to Increase Access to Accountancy Qualifications. The principles provide a practical framework for IFAC’s members and other professional accountancy organizations (PAOs) to welcome talent from diverse backgrounds, remove unnecessary barriers, and adapt qualification pathways—while maintaining the high standards that underpin public trust. “The accountancy profession is enriched t...

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