November 5, 2018
Analyzing data captured by IFAC and CIPFA’s International Public Sector Financial Accountability Index, this 2018 Status Report analyzes information from 150 jurisdictions across the globe to develop an understanding of public sector financial reporting. The results paint a positive picture for future accrual and adoption efforts globally.
Within five years, it is projected that 65% of governments will report on acccrual. The greatest opportunities for accrual reform during this time will be across Africa, Asia and Latin America and the Caribbean.
By the end of 2023, nearly three-quarters (73%) of governments that report on accrual will use International Public Sector Accounting Standards (IPSAS) in one of three ways.