Updated 2018-12-31 The following is a comparison of concepts used by numerous financial reporting schemes: Reporting Scheme: US GAAP issued by FASB IFRS issued by IASB UK GAAP Issued by FCR IPSAS issued by IPSASB GAS issued by GASB FAS issued by FASAB International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements.These standards are based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). This Handbook contains the complete set of the International Public Sector Accounting Standards Board's (IPSASB's) pronouncements on public sector financial reporting. It also includes Chapters 1-4 of the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities, which were approved in December 2012 and issued FiRe Award 2018; IPSAS CASH Based on IPSAS Cash (Handbook 2014) Standard:- Part I of the evaluation tool was mandatory and entities were penalised for non-compliance (deduction of marks). Part II of the evaluation tool (except for cash flows) is based on encouraged disclosures and entities are awarded/penalised Handbook of International Public Sector Accounting Pronouncements 2016 Edition Volume II International Public Sector Accounting Standards Board® The IFRS Foundation is pleased to announce the publication of the Issued IFRS Standards 2018 in PDF and bound volume format. The issued Standards are published annually. The bound volume of Standards used to be called the 'Red Book'. This is the only official printed edition of the International International Public Sector Accounting Standards Boar d Handbook of Inter national Public Sector Accounting Pr onouncements 2012 Edition Volume I Subscribe to view the full document. International Federation of Accountants 529 Fifth Avenue, 6th Floor New York, New York 10017 USA This publication was published by the International Federation of Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year. The International Public Sector Accounting Standards Board (IPSASB) is a Board of IFAC. It develops accounting standards for the public sector. (At its November 2004 meeting, the IFAC Council approved a change in the name of the Public Sector Committee to the International Public Sector Accounting Standards Board (IPSASB)). 2012 Edition IPSAS Summary International Public Sector Accounting Standards (IPSAS) February 2012. 2 The Netherlands Download the IPSAS Summary as a pdf-file from: iasplus.com Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee PDF | On Jan 1, 2016, Gwenda R. Jensen and others published International Public Sector Accounting Standards (IPSAS)