The International Public Sector Accounting Standards IPSAS are the international accounting standards for the public sector. They are to be applied by public entities in accordance with the recommendations of the IPSAS Board. The IPSASs are based on the International Financial Reporting Standards (IFRS) and are adapted to the specific needs of organizational units in the public sector. They are issued in the English language, whereby various official translations are available.
The IPSASB contains members representing a number of states. Switzerland is also represented on the IPSAS Board by Marc Wermuth (Federal Finance Administration). In addition Claudia Beier (Finance Administration of the Canton of Zurich) is also involved as Technical Advisor.
Consultations by the IPSAS Board are dealt with by the SRS-CSPCP. The documents are in the first instance dealt with by the Working Group IPSAS, which prepares a draft comment. This is discussed in the SRS-CSPCP and approved for submission to the IPSAS Board with accordance with the following procedure.
Procedure for consultations IPSAS Board