INTRODUCTION TO THE PUBLIC SECTOR COMMITTEE
OF THE INTERNATIONAL FEDERATION OF ACCOUNTANTS

Objectives and Terms of Reference

1. The mission of the International Federation of Accountants (IFAC) as set out in paragraph 2 of its Constitution is “the worldwide development and enhancement of an accountancy profession with harmonized standards, able to provide services of consistently high quality in the public interest.”

July 1990

Applicability of International Standardson Auditing to Audits ofFinancial Statements of GovernmentBusiness Enterprises

CONTENTS

Paragraphs

Introduction ................................................................................................. 1-2

Government Business Enterprises ............................................................. 3

Requirements for Audits of Financial Statements ...................................... 4-10