In addition to issuing International Education Standards, the IAESB also developes implementation support materials, including videos, webcasts and presentations, and guidance documents. These resources support accounting education and are for use by academics, training providers, professional accounting organization, and employers.
This Q&A discusses the compatibility for consolidation purposes of IPSAS and commercial public sector entities. The use of IPSAS for non-profit-seeking entities should not give rise to significant compatibility issues when SoEs reporting under IFRS, or a similar national framework, are consolidated into a government’s financial statements.