Background

ADB will host the ADB Regional Public Sector Accounting Forum on 2-3 October 2024 in Makati City, Philippines. Since 2013, ADB has been hosting regional forums to support the growing adoption of International Public Sector Accounting Standards (IPSAS). This event allows government officials from ADB’s developing member countries to provide feedback to the International Public Sector Accounting Standards Board (IPSASB) and enhance their public-sector accounting capacity through increased knowledge of accrual-based IPSAS and best practices to further improve their respective government accounting framework. 

Event Objective

The forum will include multiple sessions to discuss the following topics:

Day 1: Highlighting the opportunities and benefits of accrual-based IPSAS and facilitating knowledge sharing among member countries in their journey towards its adoption and implementation.

Day 2: Introducing key concepts of climate change, sustainability reporting, and climate-related disclosures, raising awareness of the current landscape of sustainability disclosure standards; and seeking direct input on the IPSASB’s exposure draft on Climate-related Disclosures.

About ADB 

Asian Development Bank (ADB) envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB maximizes the development impact of its assistance by facilitating policy dialogues, providing advisory services, and mobilizing financial resources through cofinancing operations that tap official, commercial, and export credit sources.

About IPSASB

The International Public Sector Accounting Standards Board (IPSASB) works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards® (IPSAS®) and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS and the benefits of accrual adoption. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, the government of Canada, and The World Bank. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC).