... Economic Cooperation and Development (OECD) has adopted international public sector accounting standards (IPSASs) developed by the International Federation of Accountants (1FAC) for its own financialreporting. The OECD’s 2000 financial statements were audited against these standards... ... worldwide. The standards are available through IFAC’s web site at
http://www.ifac.org
.
EuropeanFinancialReportingAdvisoryGroup Established
The European Commission has welcomed the establishment by the European...