This article discusses the latest developments in IPSAS adoption by the G20 states and beyond, the expected outcomes of IPSAS adoption in the public sector, and the experiences of a south east Asian economy (Indonesia) in using an IPSAS-based reporting system at the village level. The potential limitations of IPSAS, especially in less developed countries, are addressed. The authors make recommendations for policy-makers about successfully adopting IPSAS in emerging economies.
Fahmid, I. M., Harun, H., Graham, P., Carter, D., Suhab, S., An, Y., Zheng, X., & Fahmid, M. M. (2019). New development: IPSAS adoption, from G20 countries to village governments in developing countries. Public Money and Management, 1-4. https://doi.org/10.1080/09540962.2019.1617540