International Public Sector Accounting Standards (IPSAS) Implementation Preparatory Committee – IIPC (2/2020) Online Meeting was held by WebEx link at 10:00 AM on 11th September, 2020.
The Permanent Secretary from the Office of the Auditor General of the Union, Chair of the committee, the Director General from the Department of Treasury and the Deputy Director General on behalf of the Director General from the Department of Budget as Vice Chairs of the committee, Director General from the Office of the Auditor General of the Union, Deputy Director Generals from the Central Bank of Myanmar, Ministry of Education, Department of Planning and the General Manager from the Myanmar Economic Bank as members, and the Deputy Permanent Secretary from the Office of the Auditor General of the Union as the Secretary of the committee, attended the online meeting.
In the meeting, the progress of implementation on the decisions of 1/2020 IIPC meeting which was held on 23rd June, 2020 and the matters to be taken forward were discussed. Moreover, regarding the transition to the IPSAS from the generally accepted accounting principles, accounting policies and explanatory Notes, the effects of changes in foreign exchange rates, current condition of the matters to be expressed together with Forms (Yathasa-1) and (Yathasa-6) Receipt and Payment Accounts (Annual Accounts) according to the system for the preparation of Receipt and Payment Financial Statements, and a sample of notes to the Financial Statements were discussed by the Office of the Auditor General of the Union, and the sector classifications in the System of National Accounts were discussed by the Department of Planning respectively.