Pronouncements of the IFAC's International Public Sector Accounting Standards Board (IPSASB) state that third-world governments should prepare cash-basis financial statements..

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The International Public Sector Accounting Standards Board (IPSASB), under the International Federation of Accountants (IFAC), encourages governments to adopt accrual-based accounting standards (IPSAS) rather than solely preparing cash-basis financial statements. They do recognize a cash-basis standard for those unable to immediately adopt accrual accounting, but the ultimate goal is for full accrual-based IPSAS adoption.