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Public sector continues to trail private firms in financial reporting

According to the International Public Sector Accounting Standards (IPSAS), the sector faced non-compliance issues, including failure to provide information about assets and liabilities in financial statements.PHOTO: COURTESY

The public sector is yet to meet the expectations of a financial reporting standards evaluation team.

According to the International Public Sector Accounting Standards (IPSAS), the sector faced non-compliance issues, including failure to provide information about assets and liabilities in financial statements.

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