International Public Sector Accounting Standards (IPSAS) / European Public Sector Accounting Standards (EPSAS)
We can help you improve accounting and transparency, and gain greater credibility with well-planned, efficient IPSAS conversion.
Making the change to IPSAS is much more than a simple accounting exercise, it impacts your policies, people, systems and processes.
Accrual accounting also requires new ways of reporting and communicating financial information, which may call for updates to your IT systems. Having one organisation-wide system that can be used to manage and coordinate all information, resources and business processes means significant efficiency savings and productivity gains.
Have you thought also about re-examining internal control frameworks to ensure that internal control and risk management are effective under the new accounting standards? This may require the improvement of existing processes or the creation of new ones.
Our IPSAS conversion methodology involves a three-phase approach designed to add maximum value to your organisation
Our IPSAS conversion methodology ensures that IPSAS adoption does not inhibit the achievement of current operational and administrative goals and helps generate significant performance improvement once conversion is achieved.
PwC, in cooperation with the Institute of Chartered Accountants in England and Wales (ICAEW), has developed an IPSAS e-learning offering and certificate that provides public sector accountants with a highly valuable and content-rich programme for all stages of the implementation process and beyond. Via the programme, you’ll:
To find out more about the ICAEW IPSAS certificate, go to www.icaew.com/ipsas
PwC also partnered with ICAEW for a joint discussion series ICAEW-PwC Sustainable Public Finances: EU Perspectives that brings together key decision makers and experts to address the significant financial management and accounting challenges the public sector faces.
PwC can provide technical support, including services such as gap analysis between current accounting policies and IPSAS, technical consultations and benchmarking analysis on critical areas that impact your financial statements.
We can also provide training, from individual sessions on key accounting areas to workshops that provide an overview of IPSAS and its implications for your business. All training solutions are tailored to your specific business context.
We actively follow the EPSAS movement and have conducted a study on behalf of the Commission to offer an in-depth analysis of the future implementation of EPSAS by EU Member States.