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Regional Challenges and Key Success Factors to Implementation of IPSAS

Regional Challenges and Key Success Factors to Implementation of IPSAS. Prof. Dr. Andreas Bergmann Chair IPSAS Board CReCER 2012 Managua, Nicaragua 2 9 October 2012 (by-invitation-only event). Transparency and Accountability. Government accounting and budgeting is relevant.

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Regional Challenges and Key Success Factors to Implementation of IPSAS

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  1. Regional Challenges and Key Success Factors to Implementation of IPSAS Prof. Dr. Andreas Bergmann Chair IPSAS Board CReCER 2012 Managua, Nicaragua 29 October 2012 (by-invitation-only event)

  2. Transparency and Accountability Government accounting and budgeting is relevant Credit Ratings (S&P) – Latin America bias? Reputation?

  3. Transparency and Accountability Accrual accounting is generally accepted • After 20+ years of reform • About 70 countries are on accrual accounting, thereof about 50 on IPSAS basis or heading there • In some additional countries sub-national levels are on accrual accounting even if national level is still on cash • None of the reforms have been reverted • Accrual accounting provides cash information (in the cash flow statement) • Broad consensus: Accrual accounting enhances transparency and improves decision making – especially in respect of investments (e.g. infrastructure) and liabilities (e.g. the non-government-bond types)

  4. Transparency and Accountability Need for an integrated system

  5. Transparency and Accountability Why, when and how • Why? Improve accountability and decision making • When? Now – why wait … • How? As part of an integrated reform!

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