Public Sector Accounting Standards (Sixth Phase) (ADB-50283-001)

  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 25, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
International Public Sector Accounting Standards Board, IFAC
The holder of the loan, grant, or other investment.
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.33 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Nov 25, 2016

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Project Description

According to ADB website, the International Public Sector Accounting Standards Board (IPSASB) is a standards- setting body operating under the International Federation of Accountants (IFAC). The main activity of the IPSASB is to develop financial reporting standards for public sector entities, with the aim of moving toward full-fledged accrual-based accounting for both developed and developing countries. The IPSASB plays a critical role in enhancing the quality and transparency of public sector financial reporting; promoting the adoption of, or convergence with, the International Public Sector Accounting Standards (IPSAS); and providing guidance for first- time adoption of IPSAS in the public sector.

Following the successful completion of the first five phases, this regional policy and advisory. This TA proposes to support the IPSASB work program for 2016–2018, with high priorities assigned to the development of high-quality public sector financial reporting standards and other publications for the public sector, and to raise awareness of IPSAS and the benefits of their adoption. The impact of this TA will be strengthened public sector financial reporting and management through increased adoption of accrual-based IPSAS.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: Matsubayashi, Rie
Controller's Department, ADB
No contact information provided at the time of disclosure.


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