I know I have written a few times recently about International Public Sector Accounting Standards (IPSAS) but it is an important subject and a major project.
CPA Ireland and ICAB signing their MoU
The series of recent Memorandums of Understanding (MoUs) signed by our academy partners, CPA Ireland, demonstrates the significant appetite for learning resources on the subject. Most recently, CPA Ireland signed an MoU with the Institute of Chartered Accountants in Bangladesh (ICAB), making a total of five countries now delivering the Certificate: South Africa, Nigeria, Russia and Belarus, alongside Bangladesh.
What are all these MoUs an understanding of? They are an agreement between CPA Ireland and the relevant professional body in that country to distribute the CPA Certificate in IPSAS Financial Reporting, which has been developed in partnership with us, Nelson Croom.
IPSAS is a set of accrual based accounting standards which aim to improve the quality of general purpose financial reporting, leading to better informed assessments of the resource allocation decisions made by governments.
The Certificate is aimed at accountants working in national, regional and local governments and related governmental entities (e.g. agencies, boards and commissions) around the world. In an effort to provide greater transparency & credibility as well as improved overall management, accountability, planning and harmonisation of reports & systems, many countries have said they will adhere to IPSAS. But this has created a massive professional development issue for accountants working in the areas mentioned above, which is where the Certificate comes in.
The CPA Certificate in IPSAS Financial Reporting is helping to educate accountants across the globe and will ultimately help to improve the accountability and reporting of government departments in these countries.
Now that, to me, is something to be proud about.