un applying ipsas: the cost and benefits
IPSAS are credible, high-quality, independently produced accounting standards, underpinned by a strong due process and supported by Governments, professional accounting bodies, and international organizations. These standards are specifically tailored to the public sector and integral to UN management reform.djustments to UNICEFâs Statement of Financial Position were made and the impact of the transition to IPSAS is outlined in the note to the financial statements entitled âTransition to IPSASâ. A summary of our significant accounting policies can be found in Note 2 of our December 2012 financial statements.