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The International Public Sector Accounting Standards Board (IPSASB) has unveiled a new forum – the IPSASB Consultative Advisory Group (CAG).
In its newly established role, the CAG will provide advice to the IPSASB regarding future strategy and projects, including views on technical issues or matters that may impede adopting and implementation of global accounting standards.
The advisory group will contain representatives of public and private sector organisations and individuals who are interested in or affected by the IPSASB’s work; namely those engaged within the preparation and audit space, as well as the evaluation of public sector financial reports.
“The formation of the CAG marks an important milestone in further strengthening of the governance arrangements for the IPSASB,” noted Andreas Bergmann, IPSASB chair.
Thomas Muller-Marques Berger has been appointed the inaugural CAG chair, and will serve for up to two years during the initial meetings, until arrangements are put into place for the CAG to elect a chair from its own membership.
Mr Muller-Marques Berger is currently the global head of international public sector accounting for EY, and serves as the chair of the public sector group of the Fédération des Experts-comptables Européens.
In addition to the announcement, the IPSASB has called for nominations of representatives from organisations or individuals interesting in serving as a CAG member.
The body has encouraged nominations from parliamentarians, public sector auditors, regulators, non-governmental organisations, and other regional and international organisations.
The formation of the CAG follows the creation of the Public Interest Committee earlier in 2015. The inaugural meeting is provisionally planned for June 2016 in Toronto, Canada.