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  1. 1. IPSAS Project presentation to AG Department 09 September 2009 FAO I nternational P ublic S ector A ccounting S tandards
  2. 2. What is IPSAS? International Public Sector Accounting Standards
  3. 3. What is IPSAS? UN mandate Finance Division - AFF
  4. 4. What is IPSAS? Priority IPA project Finance Division - AFF
  5. 5. What is the IPSAS project at FAO? New Field Accounting System Inventory Financial Reporting External Financial Statements Accounting Policies & Rules Property and Equipment Receiving Payment Authorization Chart of Accounts
  6. 6. What will IPSAS bring? confidence credibility Finance Division - AFF
  7. 7. efficient Finance Division - AFF What will IPSAS bring? effective
  8. 8. better decisions Finance Division - AFF What will IPSAS bring?
  9. 9. IPSAS Adoption Leading Practices Stakeholder & User Involvement Realistic Time, Budget and Quality Communication Risk Management Senior Management Support Key Factors for Project Success
  10. 10. Timeline 2008 2009 2010 2011 2012 User Requirements Testing Training, Deployment and Post-implementation Design, Development and Documentation Implementation First IPSAS-compliant Financial Reports
  11. 11. AG’s role in IPSAS Involve Change Communicate
  12. 12. <ul><li>“ ...IPSAS is the single most important aspect of the United Nations management reform...” </li></ul><ul><ul><li>letter to Mr. Ban Ki-moon </li></ul></ul><ul><ul><li>from Mr. Philippe Séguin, Chair of the Panel of External Auditors </li></ul></ul>IPSAS Implementation Thank You find out more about IPSAS on the web: or send us an email: [email_address]