JAPONICA Supports Greece on Decision to Implement IPSAS

-- IPSAS is the most important reform to build trust and confidence --

May 26, 2015, 15:31 ET from Japonica Partners

LONDON, May 26, 2015 /PRNewswire/ -- This month a Hellenic Republic alternate minister of finance delivered a historic speech (GR, ENG) acknowledging implementing of IPSAS (International Public Sector Accounting Standards) as a most important reform.

In recognition of Greece's decision to implement IPSAS, Japonica Partners is:

  1. Making its IPSAS team available to assist Greece and key stakeholders.
  2. Commencing a social media campaign to build public awareness -- targeting those of 16 to 30 years of age -- in Greek, English, French, and German.   

An early milestone is for Greece to professionally announce a 2013 preliminary net debt number under IPSAS and consistent with IFRS, ESA 2010, and 2008 SNA within 30 days.

Japonica agrees that prosperity in Greece requires that the first priority is to build trust and confidence with key stakeholders, which requires IPSAS transparency.

Japonica suggested:

"Take a pop quiz on the essential financial facts about Greece at www.MostImportantReform.info."

Also, find stakeholder educational materials on the website.

Contact:  Public Worldwide, +1-212- 951-0943, info@publicworldwide.com

SOURCE Japonica Partners