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What is the IPSASB and reason(s) it was established? (3 marks) What are the objectives of the IPSASB? Why the IPSASB developed the IPSASs? What

What is the IPSASB and reason(s) it was established? (3 marks)

What are the objectives of the IPSASB?

Why the IPSASB developed the IPSASs?

What are the scopes of the IPSASs?

What are the similarities and differences (if any) between the IPSASs and the IASs/IFRSs?

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