Improvements to IPSAS, 2023 includes improvements to IPSAS in order to align with amendments to IFRS® Accounting Standards based on IASB’s Narrow Scope Amendments projects.
Africa’s development is reliant upon the involvement of accounting and finance professionals. Working in both private and public sectors, they play a crucial role in driving sustainable growth across the continent. Whether serving on corporate boards, as CFOs, or as business advisors, they can help tackle challenges, such as climate change impacts, energy accessibility issues, regional disparities and disconnection, economic growth, and public debt.
IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards (IPSAS) and include an independent auditor’s report.
The standards establish a comprehensive ethical framework to guide professional accountants when providing tax planning and related services. The framework stipulates the expected mindset and behaviors of professional accountants when they recommend or otherwise advise on tax planning arrangements to employing organizations or clients. The standards were developed in response to public interest concerns about tax avoidance and the role played by consultants in light of revelations in recent years such as the Paradise and Pandora Papers.
Moving away from a purely mechanical and legalistic approach and towards a principles-based framework will establish a consistent point of reference for all professional accountants when dealing with tax planning to ensure due consideration of public interest as well as potential reputational, commercial, and wider economic consequences for their employing organizations or clients. Beyond just the accountancy profession, all other tax advisers are strongly encouraged to follow the standards.
The 1.5-hour webinar will feature a high-level overview of the standards and provide an opportunity for stakeholders to participate in a questions-and-answers session with the presenters.
The webinars will be held in English and available on YouTube following the session.
