ADB has been providing regional technical assistance (TA) to the IPSASB since 1997 (in four phases ). IFAC has requested ADB and its other development partners (see section 16 below) to continue financing its ongoing initiative of IPSAS development. Recognizing the fact that developing a high quality financial reporting standard is a long term process, the developing partners continue to support IPSASB, along with IFAC which remains the largest funder.
The TA aims (i) to facilitate, in the long run, accounting policy reform, accountability and capacity strengthening of DMC; and (ii) to improve the public sector accounting system. Improvements in the public sector accounting standards would be instrumental for DMCs to achieve good governance. This is consistent with the ADB Strategy 2020 and its development agenda on good governance, anticorruption and an enhanced government financial management system.
Latest Project Documents
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.