IPSAS Consulting

The financial and sovereign debt crises have brought to light, as never before, the need

for better financial reporting by governments worldwide, and the need for improvements

in the management of public sector resources.

Since 1997, the IPSASB has developed and issued a suite of 33 accrual standards, and

a cash basis standard for countries moving toward full accrual accounting.

Governments that report on a cash-basis do not account for significant liabilities, such

as pensions and infrastructure development; as a result, the IPSASB encourages public

sector entities to adopt the accrual basis of accounting which will improve financial

management and increase transparency resulting in a more comprehensive and

accurate view of a government’s financial position. Many governments, jurisdictions,

and international institutions have already adopted IPSASs many more are on the road

to implementing the standards.

Transparent and comparable accounting in the public sector and administrations is

gaining importance and set to develop significantly over the next years. Compliance

with the IPSAS standards guarantees that the financial reporting of public bodies

conveys what is termed a “true and fair view” of the financial situation. IPSAS take

account of the characteristic features of the public sector.

Tax Solutions International is a Certified Public Accountants firm carrying out Audit,

Assurance and Consulting services. Tax Solutions international aims at building a

platform for public sector employees enabling the exchange of information and

experiences relating to accounting and the submission of accounts in Public bodies.

Tax Solutions International will run informative events and courses on IPSAS and their

implementation.

Tax Solutions International sees its task as being to give the stakeholders of public

finances, accountants and equally importantly citizens more information on IPSAS. It is

only with specialist knowledge of the new accounting that the IPSAS will be accepted

and correctly interpreted.

Our strengths lie in these areas:

•  IPSAS Project management
•  IPSAS First-Time Adoption Project Management
•  Gradual or full implementation of IPSAS
•  Conception and instrumentalisation
•  Consolidated statements presentations
•  Employee training
•  Restatement
•  Internal invoicing for goods and services
•  IT consultancy for all components
•  Planning and defining the required IT structures to support IPSAS reporting
•  Preparation of the handbooks
•  Handholding and support during the planning and introductory phase.
• Our team supports customers with hands on experience, in depth know-how, tested
• methods and instruments.