COVID-19 accounting tool for governments
22 July 2020
The International Federation of Accountants (IFAC), the Zurich University of
Applied Science (ZHAW), and the International Public Sector Accounting Standards
Board (IPSASB) have published a tool for governments and other interested
stakeholders to apply best practices in public sector accounting when analysing
COVID-19-related intervention programs.
The COVID-19 pandemic led governments to deploy significant interventions to support
individuals, businesses, the monetary system, and specific sectors, including
healthcare. In view of the unprecedented scale of these interventions there is an
urgent need to understand their full current and ongoing impacts on public finances
as high-quality financial information enhances government decision-making and
supports better outcomes for citizens over the medium and longer-term.
The new COVID-19 Intervention Assessment Tool includes:
- A step-by-step process and assessment tool to help assess, evaluate and inform various types of government interventions related to the pandemic; and
- An overview of the way it can support the pathway to accrual International Public Sector Accounting Standards (IPSAS) for governments.
Please click for more information on the IPSASB website.