Practical Implementation

IPSAS Implementation facilitation & technical support

March 28, 2019

Course Duration: Tailored

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First time adoption of IPSAS is timely process and involves much more than just a journal or two.  We can assist entities with a practically focusses & facilitated training support on IPSAS which can cover areas such as:  

  • What are the requirements of IPSAS?
  • What are the transitional requirements, exemptions and first time adoption considerations?
  • What does senior management and governance teams need to know about IPSAS as new reporting framework?
  • Should the Asset Register also be IPSAS compliant?

We can assist with tailored workshops, be it face-to-face inhouse session or virtual online sessions, to provide practical answers to the questions set out above to the IPSAS implementation elements.

Q1. What are the requirements of IPSAS ?

We have an extensive IPSAS manual which provides details on the practical implementation consideration of the IPSAS requirements.  This manual provides the requirements of each IPSAS standard as well as a detailed set of standard operating procedures which can be followed to ensure compliance with the requirements of the standards, to assist entities to amend their financial and administrative processes related to accounting conversion considerations such as reclassifications, derecognition of items, measurement, calculations, financial statement compilation and disclosure and audit file supporting documentation.

Q2. What are the typical IPSAS implementation challenges?

Although each first time adoption is different, transitional and new adoption considerations include overarching IPSAS accounting groupings (e.g. assets, liabilities, revenue, expenditure), classification aspects (such as exchange / non-exchange based transactions), specific applications for public sector focusunresolved accounting and control issues (such as the correction of incomplete and inaccurate moveable and immovable asset / loan / lease / grant registers and other similar internal control deficiencies that will have to be addressed to ensure fair presentation in IPSAS compliant financial statements).

Q3. Is the Asset Register IPSAS compliant?

Participants will be provided with a number of practical examples of how the asset registers of FET colleges may currently deviate from GRAP requirements as well as detailed guidance on HOW TO address these deviations.

Q4. Are there transitional provisions and exemptions that can be used in the IPSAS implementation process?

Guidance can be offered on issues such as prospective versus retrospective application and transitional exemptions that may be applied in the preparation of the first set of IPSAS-compliant annual financial statements and also on specific aspects such as the recognition, measurement and disclosures.


Ducharme can assist with tailored IPSAS training as well as technical and audit support on IPSAS implementation.