International Public Sector Accounting Standards Board - Update 1 (2005)

The International Public Sector Accounting Standards Board (IPSASB) met in Oslo, Norway on March 14-17, 2005. This was the first meeting of the IPSASB since the International Federation of Accountants (IFAC) reconstituted the Public Sector Committee (PSC) as the IPSASB in November 2004.  The IPSASB Update 1 bulletin (April 2005) describes the work program, lists the members and observers, and identifies International Public Sector Accounting Standards at that time. Information on IPSASB meetings (from 2001), exposure drafts and comment letters (from 2005) and other digital archives are available on the IFAC website.

International Federation of Accountants (IFAC) - 30 years of progress

In many ways, 1977 marked a year of firsts: the Concorde jet inaugurated regular transatlantic supersonic flight; the first Apple II microcomputers went on sale to the general public; the movie “Star Wars” debuted on the big screen; and the International Federation of Accountants (IFAC) convened for the first time in an auditorium in Munich, Germany at the 11th World Congress of Accountants. Beginning with 63 members in 1977, IFAC's membership has grown over the past 30 years to now include 157 members and associates in 123 countries and jurisdictions worldwide. At the first meeting of the IFAC Assembly and Council in October 1977, a 12-point work program was developed to guide IFAC committees and staff through the first five years of activities. Many elements of this work program are still relevant today. As part of its 30th anniversary activities, IFAC published a history of the organization,  IFAC: 30 Years of Progress  -Encouraging Quality and Building Trust, which explores the role of member bodies and others in IFAC’s growth and the issues that impacted its development. Further information on organization’s development, including additional historical articles, is available on the IFAC history page.