Article Interviewing Fayez Choudhury IFAC's New Chief Executive

[Sharon Hanson-Cooper]

An interesting article just published in PubLic Finance Magazine, March 2013. It profiles Fayez Choudhury, the new Chief Executive of IFAC. In the article he reflects on the limited up take of International Public Sector Accounting Standards but predicts ''a mood change, with a range of interested bodies including Eurostat, IMF and the World Bank - now supporting the greater adoption of the standards''

[stratmen]

The consultation process regarding the suitability of IPSAS for the EU Member States is finished. The conclusion is

most stakeholders agree that IPSAS would be suitable as a reference framework for the future development of a set of European Public Sector Accounting Standards, referred to below as ‘EPSAS’.

It also says that:

The final decision as to whether to move to EPSAS requires further important steps to be taken which do not fall within the scope of this report and hence cannot be anticipated here.

The name of the report file is 1_EN_ACT_part1_v5.pdf