The 2016 Handbook of International Public Sector Accounting Pronouncements translated and republished by CECCAR

As professional body that manages the Romanian accounting profession, CECCAR is permanently engaged in the professional development of all its members, while also harbouring a permanent and close relation with all interested parties, particularly with the Romanian regulator and other public entities in this sector.

In their support, CECCAR has translated and published in electronic format the 2016 Handbook of International Public Sector Accounting Pronouncements prepared by the International Public Sector Accounting Standards Board (IPSASB) and issued by the International Federation of Accountants in July 2016. This Handbook contains the complete set of IPSASs published by IPSASB as of January 30, 2016 and the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

IPSASs can be used by governments and other public sector entities around the world for the preparation of general purpose financial statements. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. It also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSAS.

These standards deal with financial reporting under the cash basis of accounting and the accrual basis of accounting and are based on the International Financial Reporting Standards (IFRSs), issued by the International Accounting Standards Board (IASB), with the difference that the requirements herein are applicable to the public sector. They also deal with public sector specific financial reporting issues that are not dealt with in IFRSs.

The Romanian translation of the two-volume IPSASs Handbook is available for download free of charge in PDF format for all CECCAR members and is protected by the IFAC Copyright.

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