Finance Division - AFF

IPSAS Projectpresentation to

AG Department09 September 2009

FAOInternationalPublicSectorAccountingStandards

Finance Division - AFF

What is IPSAS?

International Public Sector Accounting Standards

Finance Division - AFF

What is IPSAS?

UN mandate

Finance Division - AFFFinance Division - AFF

Finance Division - AFF

What is IPSAS?

Priority IPA project

Finance Division - AFFFinance Division - AFF

Finance Division - AFF

New Field Accounting

System

Inventory

Financial Reporting

External Financial

Statements

Accounting Policies & Rules

Property and Equipment

Receiving

Payment

Authorization

What is the IPSAS project at FAO?

Chartof

Accounts

Finance Division - AFF

What will IPSAS bring?

confidence

credibilitycredibility Finance Division - AFFFinance Division - AFF

Finance Division - AFF

efficientefficient

Finance Division - AFFFinance Division - AFF

What will IPSAS bring?

effectiveeffective

Finance Division - AFF

better decisionsbetter decisions Finance Division - AFFFinance Division - AFF

What will IPSAS bring?

Finance Division - AFF

IPSAS Adoption

Leading PracticesStakeholder & User

Involvement

Realistic Time, Budget and Quality

Communication Risk Management

Senior Management Support

Key Factors for Project Success

Finance Division - AFF

2008 2009 2010 2011 2012

User Requirements

Testing

Training, Deployment and Post-implementation

Design, Development and Documentation

Implementation

First IPSAS-compliant Financial Reports

Timeline

Finance Division - AFF

AG’s role in IPSAS

Involve

ChangeCommunicate

Finance Division - AFF

Thank You

“...IPSAS is the single most important aspect of the United Nations management reform...”

letter to Mr. Ban Ki-moon

from Mr. Philippe Séguin, Chair of the Panel of External Auditors

IPSAS Implementation

find out more about IPSAS on the web: intranet.fao.org/ipsasor send us an email: IPSAS@fao.org