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IPSASB strengthens standard-setting process

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New Consultative advisory group (CAG) established, inaugural CAG chair announced

The International Public Sector Accounting Standards Board®  announced the establishment of a new forum—the IPSASB Consultative Advisory Group (CAG)—that will have representatives of public and private sector organizations and individuals who are interested in or affected by the International Public Sector Accounting Standards Board’s work, including those engaged in the preparation, audit, or evaluation of public sector financial reports.

The CAG will provide advice to the IPSASB on:

  • The IPSASB’s strategy and work plan;
  • IPSASB’s projects, including views on technical issues or matters that may impede adopting and implementation of International Public Sector Accounting Standards™ (IPSAS™); and
  • Other matters relevant to the IPSASB standard-setting activities.

The inaugural meeting of the CAG is provisionally planned for June 2016 in Toronto, Canada.

“The formation of the CAG marks an important milestone in further strengthening of the governance arrangements for the International Public Sector Accounting Standards Board® following the creation of the Public Interest Committee (PIC) earlier this year. The CAG’s establishment responds to a key recommendation in the governance review group’s report and will serve to further strengthen the International Public Sector Accounting Standards Board’s standard-setting processes by enabling additional dialogue with key stakeholders,” said IPSASB Chair Andreas Bergmann.

Accompanying this announcement of the formation of the IPSASB CAG is a call for nominations of representatives from organizations, or individuals, interested in serving as a member of the IPSASB CAG. The International Public Sector Accounting Standards Board® is particularly interested in nominations of users of public sector financial reports and representatives of governments and other public sector entities, including preparers. Nominations are also encouraged from parliamentarians, public sector auditors, regulators, non-governmental organizations, and other regional and international organizations. The call for nominations will remain open until February 19, 2016. Further information about the call for nominations is available on the IPSASB web site.

The IPSASB today also announced the appointment of Thomas Müller-Marqués Berger as the inaugural Chair of the IPSASB CAG. He will serve as appointed CAG Chair for up to two years during the initial meetings of the CAG until arrangements are in place by which the CAG will elect a chair from its own membership.

“I welcome the important challenge of leading the CAG in its formative period and ensuring it has a stable foundation to provide the IPSASB with timely input to help contribute to the development of high-quality IPSAS,” said Mr. Müller-Marqués Berger.

Mr. Müller-Marqués Berger brings a wealth of leadership and public sector accounting experience to the CAG. Currently, he is the Global Head of International Public Sector Accounting for Ernst & Young and the Chair of the Public Sector Group of the Fédération des Experts-comptables Européens. Mr. Müller-Marqués Berger has a long and distinguished record of participation in dialogue on public sector accounting and accounting standard setting nationally and internationally, including former service on the International Public Sector Accounting Standards Board®.

“The IPSASB is fortunate that Thomas has agreed to become the CAG’s inaugural Chair. He is a leader in the field of public sector accounting and is deeply involved in key initiatives, including the European Public Sector Accounting Standards project.” said incoming IPSASB Chair, Ian Carruthers.

The Public Interest Committee (PIC) welcomes these developments from a public interest perspective.