Repin A.A.Finance Department of Yamalo-Nenets Autonomous Okrug, Salekhard, Yamal-Nenets Autonomous Okrug, Russian Federation repin777artur@gmail.com
Importance The article presents the results of a study into the IPSAS development path, areas for their formation, dissemination and promotion worldwide. The research is of scientific relevance and practical novelty as there are few Russian publications on the specifics of IPSAS. Objectives The research briefly narrates the history of IPSAS as a result of cooperation among the UN, International Monetary Fund, International Federation of Accountants, International Accounting Standards Board. The article displays the nexus between IPSAS and documentary evolution, i.e. the United Nations System of National Accounts, Government Finance Statistics Manual, International Financial Reporting Standards. Methods The research draws upon methods for scientific knowledge generation, i.e. logic and comparative analysis, synthesis, such methods of scientific research as factor, systems, cause-and-effect analysis, classification and systematization. Results We presented our own systematization of IPSAS history and development and singled out two blocks, external and internal ones. The article also provides our conclusions on whether the Russian system of macroeconomic statistics is prepared to apply the IPSAS, and indicates challenging issues of implementing and using the standards. Conclusions and Relevance The article is called to reduce a lack of translations of international scientific materials on IPSAS history, the process of preparing and adopting fundamental documents of the macroeconomic statistics and financial reporting standards. The proposed comparative systematization of basic characteristics of IFRS and their application in Russia in compliance with regulations of the Russian Ministry of Finance should increase the quality of domestic training in statistics.
Keywords: IPSAS, international financial reporting standards, public sector, finance, statistics
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