In its role of professional body, CECCAR’s permanent concern is to contribute to the development of the skills of the professional accountant, by maintaining close partnerships with business and academic environment, as well as with Romanian standard-setter and other public entities in the field.
To this end, CECCAR provides the accounting profession, the public sector and other stakeholders with the translation into Romanian of the 2020 edition of the Handbook of International Public Sector Accounting Pronouncements”, prepared by the International Public Sector Accounting Standards Board (IPSASB) with IFAC’s support.
The Handbook contains the complete set of IPSAS (International Public Sector Accounting Standards) issued by IPSASB by January 31st 2020, as well as the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.
As part of its standard-setting activity, IPSASB develops accounting standards for public sector entities, referred to as International Public Sector Accounting Standards (IPSAS), dealing with financial reporting under the cash basis of accounting and accrual basis of accounting.
IPSASB recognises the significant benefits of achieving consistent and comparable financial information across jurisdictions and it believes that IPSASs will play a key role in enabling this. Thus, IPSASB strongly encourages governments and national standard-setters to engage in the development of IPSAS, as well as its adoption and harmonization of national requirements with these.
In order to view the Romanian language version of the Handbook, please visit Publicații – Organisme Internaționale – Norme profesionale și ghiduri.
