IPSAS & IFRS Consulting
Gap assessments, transition roadmaps, accrual conversion, and financial statement preparation for governments, SOEs, and development institutions.
Overview
What this practice does
We help public sector entities move from cash-basis or single-entry accounting to accrual reporting under IPSAS or IFRS, from gap assessment and accounting policies through to systems and financial statement preparation.
Govt · SOEs · DFIs
- IPSAS
- IFRS
- Accrual conversion
- Capacity building
Approach
The Transformation Journey
PHASE 01
Diagnostic & Design
- Analysis of current financial systems, recognizing deficiencies.
- Detailed GAP analysis reporting across Financial Statements, HR Policy, Risk, and Information Systems.
- Roadmaps and documented strategies for successful system implementation.
- Designing systems that encompass internal and external audit perspectives.
PHASE 02
Deliverables & Integration
- Developing tailor-made infrastructures compliant with new standards.
- Delivering IPSAS and IFRS-compliant financial statements with comparisons.
- Strengthening day-to-day accounting operations to align with system specifications.
- Solutions for audit modifications and recommendations.
PHASE 03
Post-Implementation Drill
- Examining results of implemented changes and addressing gaps.
- Asset management system alignment to optimize performance and minimize risks.
- Conducting detailed PFM compliance and engagement studies.
- Ongoing evaluation for value creation.
PHASE 04
Capacity Building & Learnings
- Equipping your teams with the technical and operational competencies required.
- Operational guidance and training on new system adoptions.
- Establishing strong post-training support systems to resolve day-to-day queries.
Planning an accrual transition?
Our team has worked on standards adoption with public and private sector entities. Tell us where you are starting from.
Discuss your transition