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Study of in-place Government/ Public Sector Accounting & Accountability Systems in the SAFA member countries of SAARC.
Study of Existing Accounting Frameworks within the Governments/ Provincial Governments/ City Governments/ Local Bodies/ PSEs of SAFA member countries of SAARC.
To make recommendations for adoptability of Cash-Basis Accounting Standard issued by IPSAS in the first-phase for the Governments following Cash-Basis Accounting.
To create awareness and highlighting the significance of Accrual-Based Accounting System for Governments & PSEs viz-a-viz recognition of assets, recording of liabilities, revenues & expenses and aspects of accountability...
- Study of in-place Government/ Public Sector Accounting & Accountability Systems in the SAFA member countries of SAARC.
- Study of Existing Accounting Frameworks within the Governments/ Provincial Governments/ City Governments/ Local Bodies/ PSEs of SAFA member countries of SAARC.
- To make recommendations for adoptability of Cash-Basis Accounting Standard issued by IPSAS in the first-phase for the Governments following Cash-Basis Accounting.
- To create awareness and highlighting the significance of Accrual-Based Accounting System for Governments & PSEs viz-a-viz recognition of assets, recording of liabilities, revenues & expenses and aspects of accountability & transparency. This would also include holding of seminars & conferences from the forum of SAFA.
- To outline a plan for shifting of Cash-Basis Accounting System to Accrual-Based Accounting and development of guidelines & checklist for conversion from Cash-Basis to Accrual-Basis Accounting by benefiting from the experience of the countries that have already adopted Accrual-Based Accounting System.
- To make recommendations covering phase-wise program for implementation of Accrual-Based Accounting System by the SAFA member countries of SAARC.
- To work closely with the Departments of Controller General of Accounts to promote Accrual-Based Accounting System within the Governments/PSEs of the SAFA countries.
- To make recommendations for adoption of International Public Sector Accounting Standards (IPSAS) by the Governments/PSEs in the SAFA countries.
- To review and comment exposure drafts issued by IPSASB.
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