1 Department of Accounting and Auditing, Copenhagen Business School
IPSAS or IFRS?
The article discusses the definition of a government business enterprise (GBE), as provided in the International Public Sector Accounting Standards (IPSAS), as a determinant for applying IPSAS or the International Financial Reporting Standards (IFRS) for a public sector entity. The work of the IPSASB is focused on the accounting and financial reporting needs of national, regional and local governments, and related governmental agencies, while the IFRS serves the private sector.
Journal of Government Financial Management, 2011, Vol 60, Issue 3, p. 28-32
Accounting Standards; Private Sector; Public Sector; Nonprofit Organizations; Government Business Enterprises; International Accounting Standards; International Financial Reporting Standards