AMMAN – HE Dr. Talal Abu-Ghazaleh, chairman of the
Arab Society of Certified Accountants (ASCA/Jordan), announced the release of
the Arabic translated version of the International Public Sector Accounting
Standards (IPSAS) 2024 Handbook. This step aims to support the development of
accounting practices in the public sector and enhance access to international
standards in Arabic.
This publication serves as a comprehensive
professional guide that includes the full set of pronouncements issued by the
International Public Sector Accounting Standards Board (IPSASB) related to
financial reporting. It reflects the latest global developments in the field
and contributes to enhancing transparency and the quality of financial
reporting in government entities.
Dr. Abu-Ghazaleh noted that the new edition
incorporates newly adopted standards issued by the IPSAS Board, including:
IPSAS (44): Non-current Assets Held for Sale and
Discontinued Operations
IPSAS (45): Property, Plant, and Equipment
IPSAS (46): Measurement
IPSAS (47): Revenue
IPSAS (48): Transfer Expenses
IPSAS (49): Retirement Benefit Plans
Reporting Sustainability Program Information –
Amendments to Recommended Practice Guidelines 1 and 3: Additional
Non-Authoritative Guidance (issued May 2023)
These standards are effective from the dates specified
within each standard and have resulted in consequential amendments to other
related standards, which come into effect as defined therein.
The Handbook is designed for accountants, auditors,
and professionals working in government entities, as well as academics and
researchers. It provides an integrated reference that enhances the quality of
financial reporting and supports informed decision-making based on accurate and
reliable information.
It is worth noting that the Society seeks to advance
the fields of accounting and management, along with their related principles
applied across various professional services. It also aims to elevate the level
of competence, practice, and professional conduct to the highest standards
through its focus on accounting publications and continuous updates in the
accounting and auditing professions.
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