Presentation of Financial Statements in the Public Sector

This project assesses the rationale for fuller alignment of International Public Sector Accounting Standards (IPSAS) with private sector standards - specifically, IAS 1, Presentation of Financial Statements, with a particular focus on the notion of other comprehensive income in a public sector context. It will also assess the scope for further modifications to the format of the financial statements, including whether there is scope to increase alignment with Government Financial Statistics.