The purpose of this project is to enhance public sector accountability and provide information that is useful for decision-making purposes by developing a consistent framework for reporting service performance information (SPI) that focuses on meeting the needs of intended users.

The preliminary views of IPSASB are:

The reporting of SPI is necessary to meet the objectives of financial reporting (accountability and decision-making);

Developing a standardised terminology for the reporting of SPI is appropriate;

Components of SPI to be reported are:

• 1) Information on the scope of the SPI reported;
• 2) Information on the public sector entity's objectives
• 3) Information on the achievement of objectives and
• 4) Narrative discussion of the achievement of objectives

The qualitative characteristics of information and pervasive constraints on the information that is currently included in general purpose financial statement s of public sector entities also apply to SPI.

The deadline for responses to this consultation is 15 April 2012.  CIMA is considering hosting a small roundtable of interested parties to discuss this consultation paper.  If you are interested to attend such an event then please let Nick Topazio Head of Corporate Reporting know at nick.topazio@cimaglobal.com. 

If you have any comments on IPSASB's proposals then please comment below.