text:
Ask BA
Best Tools
Daily Dish
Futures Game
International Affairs
Player's Perspective
Prospect Bulletin
Prospect Diary
Prospect Hot Sheet
Prospect Pulse
Prospect Q&A
Rankings »
League Top 20 Prospects
Organization Top 10 Prospects
Organization Talent Rankings
Top 100 Prospects
All-Time Top 100 Prospects
Scout's View
The Comp
Winter Baseball »
Arizona Fall League
Hawaii Winter Baseball
Winter Wonders
Jim Callis
All-Time Draft Database
Best Tools
Draft Basics
Draft Database
Draft Dish
Draft Map
Draft Preview
Draft Pool Spending
Draft Tracker
Early Draft Preview
Mock Draft
Awards »
All-America Teams
Assistant Coach Of The Year
Coach Of The Year
Freshman All-America Team
Freshman Of The Year
Player Of The Year
On Campus
Postseason »
College World Series
Prospects Plus
Season Preview
Stock Report
Summer Scene »
League Top Prospects
Summer Stock
Team USA
Top 25 »
Top 25 Rankings
Top 25 Tracker
Three Strikes
Weekend Preview
John Manuel
High School
Awards »
All-America Teams
Player Of The Year
Team Of The Year
Youth Coach Of The Year
Youth Player Of The Year
Events »
Aflac All-American Classic
Area Code Games
BF Preseason Tournament
Cape Cod High School Classic
East Coast Professional Showcase
Perfect Game National Showcase
Perfect Game WWBA Championships
Team USA
UA Preseason A-A Tournament
High Heat
Prospects Plus
Season Preview
Team Rankings
Affiliation Shuffle
Awards »
Classification All-Stars
Executive Of The Year
Freitas Awards
Independent Organization Of The Year
Manager Of The Year
Minor League All-Stars
Player Of The Year
Team Of The Year
Business Beat
Business Blog
Classification Reports »
High Class A
Low Class A
Independent Audit
Minor League Free Agent Tracker
Season Preview
Season Recap
Winter Baseball »
Arizona Fall League
Hawaii Winter Baseball
Winter Wonders
Will Lingo
Awards »
Coach Of The Year
Executive Of The year
Lifetime Achievement Award
Manager Of The Year
Organization Of The Year
Player Of The Year
Rookie Of The Year
Roland Hemond Award
Best Tools
Book Guide
Executive Database
International Affairs »
Caribbean Series
Intercontinental Cup
Pan-Am Games
World Baseball Classic
World Cup
Organization Report Cards
Organization Reports
Scout's View
Season Preview
Trade Central
Trap's View
Tracy Ringolsby
Stats & Scores
Player Finder
Team Stats
Organization Scoreboard
Minor League Career Leaderboard
Minor League Power Rankings
Reverse Major League Standings
Top Performers
Press Room
All Podcasts
College Podcasts
Free Podcasts
Subscriber-Only Podcasts
Baseball America on SiriusXM
Baseball America on Facebook
Baseball America on Twitter
Baseball America on YouTube
High School
The Store
Team Encyclopedias
Prospects Plus
Renew Magazine Subscription
Renew Online Subscription
Order Status
Baseball America on the iPad
Digital Edition
Learn About Our Digital Edition
Bat Guide
Baseball America Careers
E-mail Lists »
College Update
Draft Update
High School Update
Equipment Guide
Holiday Gift Guide
Arizona Fall League
Baseball America Awards Gala
College World Series
Futures Game/All-Star Game
Perfect Game All American Classic
Under Armour High School All America Game
American League »
Baltimore Orioles
Boston Red Sox
Chicago White Sox
Cleveland Indians
Detroit Tigers
Houston Astros
Kansas City Royals
Los Angeles Angels
Minnesota Twins
New York Yankees
Oakland Athletics
Seattle Mariners
Tampa Bay Rays
Texas Rangers
Toronto Blue Jays
National League »
Arizona Diamondbacks
Atlanta Braves
Chicago Cubs
Cincinnati Reds
Colorado Rockies
Los Angeles Dodgers
Miami Marlins
Milwaukee Brewers
New York Mets
Philadelphia Phillies
Pittsburgh Pirates
San Diego Padres
San Francisco Giants
St. Louis Cardinals
Washington Nationals
About Us
Support Center
Contact Us
Return/Refund Policy
Digital Edition FAQ
Account Log-In Troubleshooting
Terms of Use
Privacy Policy
Digital Millennium Copyright Act
2010 Draft Preview: Righthanders
Staff Report
May 21, 2010
Usually the deepest position in the draft, righthanded pitching—particularly among the high school class—is the strength of the 2010 draft. Finding prep righthanders with low- to mid-90s fastballs wasn't hard this spring. Louisiana State's Anthony Ranaudo entered the year as the top player at the position, but a forearm injury and some poor performances had clouded his draft stock.
1. Jameson Taillon
The Woodlands (Texas) HS
There's no doubt that Taillon has more upside than any pitching prospect in the 2010 draft. The only debate is whether he's a better pitching prospect than fellow Texas fireballer Josh Beckett was at the same stage of his career. They have similar stuff, with Taillon having a bigger frame (6-foot-6, 225 pounds) and Beckett possessing a meaner streak on the mound and turning in a more consistent high school senior season. Taillon gave up 11 runs in a much-anticipated pitching duel with fellow Rice recruit John Simms in mid-March. His fastball command was out of whack, but he solved the problem and threw a 19-strikeout no-hitter a week later. He owns the two best pitches in the draft: a heavy 93-97 mph fastball that has touched 99, and a hammer curveball in the mid-80s. He throws his heater with such ease that it looks like he's playing catch. He also has a hard slider and the makings of a changeup, though he rarely has needed more than two pitches to this point. He has a classic pitcher's body and strong makeup. With the Nationals zeroing in on Bryce Harper, Taillon is unlikely to become the first high school righthander selected No. 1 overall. He still could match or exceed two draft records shared by Beckett: the highest draft slot for a prep righty (No. 2), and the biggest guarantee ever given to a high school pitcher (a $7 million major league contract).
2. Stetson Allie
St. Edward HS, Lakewood, Ohio
Based on his mid-90s fastball and hard slider, Allie entered 2010 as a likely first-round pick, but he had a reputation as more thrower than pitcher. He took a significant step forward in May, dialing his heater up to 98-99 mph and his slider up to 88-89 while showing more polish than ever before, giving him a chance to go in the top 10 picks. The only pitcher in this draft with comparable pure stuff is Jameson Taillon. The 6-foot-4, 225-pound Allie has cleaned up his delivery and command, and he maintains his overpowering stuff into the late innings. The North Carolina recruit had expressed a desire to hit, and he does have some of the best raw power in the draft. He famously hit a broken-bat homer at the East Coast Professional Showcase last summer, though his swing has gotten long this spring. With his size, power and arm strength, he could be an early-round pick as a third baseman, but he now accepts that his future is on the mound.
3. Deck McGuire
Georgia Tech
McGuire is a Virginia product who was a mid-week starter as a freshman at Georgia Tech before settling in as the Yellow Jackets' Friday starter the last two seasons. He had more success for the first three-quarters of 2009 than he had at the end of last season, when he was hammered in the Atlantic Coast Conference tournament and in regional play—he gave up nine runs to Southern Miss in the regional final working on two days' rest. McGuire's stuff hasn't been quite as crisp since then, and scouts have lowered their expectations for the 6-foot-6, 218-pounder, but most still see him as a No. 3 or No. 4 starter in the majors. McGuire commands a 90-92 mph fastball that hits 94, and he throws with a good downhill angle to the plate, making it tough to elevate. His fastball has a bit less life than it used to. McGuire also throws strikes with his curveball and harder slurve, and his changeup is average to fringe-average. He's an excellent competitor who doesn't fold up with runners on base. He's a proven college winner with a good track record of performance and durability; similar prospects rarely last through the first half of the first round.
4. Dylan Covey
Maranatha HS, Pasadena, Calif.
Covey first grabbed the attention of California scouts at a San Gabriel Valley underclassman showcase in Alhambra in the summer of 2008. A sophomore at the time, Covey unleashed a series of throws from right field that exhibited his terrific arm strength. Not surprisingly, several scouts asked Covey if he was a pitcher and asked when he would be throwing next. Since then, Covey has matured, grown into his frame and improved his conditioning. The results have been sensational. Covey made all the standard showcase appearances in the past year, with uniformly outstanding performances. Covey, solidly built at 6-foot-2, 200 pounds, hammers the strike zone with a 93-94 mph fastball that can touch 96. He adds a wicked 81-82 mph slider and has steadily developed his curve and changeup. Covey's arm works smoothly and his has solid mechanics, though he will need to fight a tendency to pull his lead shoulder open when tired. Resembling a younger, lighter version of Giants righthander Matt Cain, Covey profiles as a No. 2 or No. 3 starter with four average to plus offerings. A San Diego signee, Covey ranks a notch above the rest in a deep Southern California prep pitching class and figures to take a shorter path to the majors than his peers.
5. Kaleb Cowart
Cook HS, Adel, Ga.
Cowart was in the running to be the High School Player of the Year as a dominant two-way player, evoking comparisons to past Georgia preps Buster Posey and Ethan Martin. Those two examples set up two different paths for Cowart, who like Posey is a Florida State signee. Posey was more of a third-round talent out of high school and a different type of pitcher than Cowart, who on the mound is all about power. He has arm strength and good sinking life on his plus fastball, which sits in the 91-93 mph range at its best. He also has a hard slider and scouts don't seem to mind his split-finger fastball, either. Scouts prefer Cowart as a pitching prospect with a 6-foot-3, 190-pound pitcher's body. Like Posey, Cowart prefers to hit; he's a switch-hitting third baseman, and while some scouts consider his defense fringy at the hot corner, he has strength in his swing and some raw power. Scouts hope Cowart is more like Martin, a prep third baseman-turned-pitcher who signed with the Dodgers as a first-rounder after realizing he was a better prospect on the bump. But Cowart's signability was in doubt early, as he was asking for close to $3 million in order to spurn Florida State.
6. Karsten Whitson
Chipley (Fla.) HS
A Florida signee, Whitson played on the USA Baseball 18U club that won a gold medal at the Pan American Junior Championship in Venezuela and pitched at all the big showcase events, so national-level scouts have a history with him. They've seen one of the draft's best secondary pitches in a hard, sharp, 80-84 mph slider. The word most often associate with Whitson's slider is "legit." His fastball also earns praise as he can reach 95 mph regularly and pitches at 90-94 mph. Whitson was a fine prep basketball player who gave up a sport he loves for baseball, and his athleticism usually translates to the diamond in terms of control and the ability to repeat his delivery. However, Whitson had a difficult start in early May in front of a large crowd of scouts, crosscheckers and scouting directors. According to one scout, Whitson had thrown 130 pitches in his previous start and then had more than 10 days off, and his stock was falling as BA went to press. He's one of many Florida prep players whose final landing spot in the draft may depend on how they perform at the state all-star games in Sebring at the end of the month.
7. A.J. Cole
Oviedo (Fla.) HS
Cole was the shortstop on BA's most recent Baseball for the Ages 12-year-old all-star team, so he has been on the prospect radar for some time. He had a stellar summer showcase circuit in 2009, positioning himself as a potential first-rounder. His spring season started poorly, however, thanks to a bout with the flu and rainy, cool weather that interrupted the high school schedule in the Orlando area. Cole's fastball velocity was down early in the spring but jumped in late April and early May. After sitting 88-93 mph early, Cole was back to sitting at 92-93 and regularly hitting 95-96. He has an athletic, projectable frame and long legs; at 6-foot-5, 190 pounds, he should add strength that will help him have more consistent velocity. He has a low-maintenance delivery and projects to have solid command. His curveball at times exhibits hard, late break and can be a plus pitch, though scouts prefer the hard slider of his rival for the title of Best Florida Prep Pitching Prospect, Karsten Whitson. Cole also has a decent changeup that at times has late fade. At his best, Cole is among the best pitchers available in the draft, and his recovery from his poor start means he won't get out of the first round.
8. Brandon Workman
The Longhorns have one of the best college pitching staffs in recent memory, as evidenced by their team 2.14 ERA in mid-May—and the fact that Workman, their No. 3 starter, could be a first-round pick. The Phillies drafted him in the third round out of high school, but held firm with a $275,000 offer and wouldn't give him the $350,000 he sought. Now he could get four to five times that amount. Unable to secure a spot in the Longhorns rotation as a sophomore, Workman has been more focused and efficient this spring. His best pitch is a knockout curveball, and he pairs it with a 90-92 mph fastball that peaks at 96. He has developed a high-80s cutter as a strikeout pitch against lefthanders, and he also has some feel for a changeup. His command is better than ever, and he now realizes that he's more effective when he doesn't overthrow, which causes his pitches to flatten out. Workman earned all-star honors in the Cape Cod League the last two summers, leading the league in strikeouts after his freshman season.
9. Matt Harvey
North Carolina
Harvey entered 2007 as the No. 1 high school prospect in the country, just ahead of fellow North Carolina recruit Rick Porcello. While Porcello signed with the Tigers as a first-rounder that year, Harvey was an unsigned third-rounder of the Angels. Five days after Porcello made his big league debut in 2009, Harvey took a loss in a mid-week relief appearance for the Tar Heels against High Point. That was probably the low point of Harvey's career, as he struggled as a sophomore. As a junior, though, he has regained his mojo. Scouts agree that Harvey's arm action is longer now than it was in 2007 but they aren't sure why. It affects his command, as it's harder for him to repeat his delivery and find the same release point. When he does, Harvey has explosive stuff, and he has worked harder than ever, thanks to improved maturity, to improve his balance and tempo. As a result, Harvey has pitched like an ace, with only one clunker start (against Duke) this spring and several gems, including a 158-pitch, 15-strikeout complete game at Clemson. His final pitch was 96 mph, which is usually where Harvey sits when he's right, in the 92-96 mph range. Once the owner of a power curveball, Harvey now prefers a hard slider that at times sits in the mid-80s with depth and late finish. Some scouts have given it a well-above-average grade. His changeup is just fair, and Harvey's command is below-average. With his stuff, he just needs control, and he has thrown enough strikes this year to get back into the first-round conversation.
10. Alex Wimmers
Ohio State
Only a hamstring injury has been able to stop Wimmers this spring, as he won each of his first nine starts for the Buckeyes before missing the first two weekends in May. He also starred in 2009, sharing Big 10 Conference pitcher-of-the-year honors before leading Bourne to its first-ever Cape Cod League championship. Scouts said Wimmers had the most polished arsenal on the Cape, and few pitchers in this draft can match the depth of his repertoire. He has the best changeup in the 2010 draft crop, and one area scout said it's the best he has ever seen from an amateur. His fastball sits at 90-92 mph and touches 94, and he could add a little more velocity if he builds arm strength by using it more in pro ball. His third pitch is a curveball that he easily throws for strikes. He's an athletic, 6-foot-2, 195-pounder who holds the record for career batting average (.457) at Cincinnati's storied Moeller High—the alma mater of Buddy Bell, Ken Griffey Jr. and Barry Larkin.
11. Brett Eibner
Eibner is the best two-way prospect in the 2010 draft. Teams are evenly split about whether he has more potential as a pitcher or an outfielder. A fourth-round pick out of high school by the Astros, he has impressive power in his arm and bat. He has added significant polish as both a pitcher and a hitter this spring, making the decision about his future no easier. After not pitching during the fall while recovering from a mild elbow strain sustained in the Cape Cod League, he has refined his command and secondary pitches. His fastball velocity can be inconsistent, as he'll sit at 88-91 mph during some games and 92-94 in others, peaking at 97. His mid-80s slider/cutter is a plus pitch at times, and he has improved his feel for a changeup. The 6-foot-4, 210-pounder has a loose delivery that he repeats well. Eibner also has considerable upside as a power hitter. He can crush the ball to all fields, and he has done a better job this year of recognizing pitches and using the opposite field. Though he's strictly a righthanded hitter in games, he wowed Cape observers with a lefty batting-practice display last summer. His arm is an asset in the outfield, and while his solid speed and athleticism give him a chance to stick in center field at the next level, he projects more as a right fielder. Eibner's preference is to hit, but it remains to be seen if he'll get his wish.
12. Anthony Ranaudo
Louisiana State
After winning the championship game of the College World Series last year and ranking third in strikeouts (159 in 124 innings) and fifth in wins (12) as a sophomore, Ranaudo was the top college prospect and No. 2 overall when 2010 started. But scouts haven't been sure what to make of him since he came down with a stress reaction following his first start in February. He missed a month and has battled his mechanics and command since returning. When he's right, he uses his 6-foot-7, 230-pound frame to leverage a 91-94 mph fastball down in the zone and to both sides of the plate, and he backs up his heater with a plus curveball and solid changeup. But that Ranaudo hasn't been seen this spring. He still has a low-90s fastball, but his delivery has fallen out of sync. His arm action is flatter, preventing him from staying on top of his pitches, causing them to flatten out and rise up in the strike zone. Ranaudo also missed the first two months and worked just 12 innings in his freshman season because of a bout with elbow tendinitis. His medical history, inconsistent spring and choice of adviser (Boras Corp.) could cause him to slide deep in the first round unless he suddenly regains his 2009 form.
13. Jesse Hahn
Virginia Tech
Three years ago, one of Hahn's high school teammates and rotation partners was getting tons of draft attention. The teammate was righthander Matt Harvey, who ended up dropping to the third round and honoring his commitment to North Carolina. Now, both Fitch (Conn.) High alums could be drafted in the first round. Hahn has an ideal pitcher's frame at 6-foot-5, 200 pounds, but he missed three weeks of action this spring. He had an MRI on his right elbow that revealed no structural damage. When healthy, Hahn has an electric arsenal. He has a plus fastball that sits 92-94 mph with some armside run. He has been able to run his fastball up to 96-97, especially when he pitched out of the bullpen in the Cape Cod League last summer, but has learned that he's better when he dials it back. He has two average to plus secondary offerings in a slider and curveball, as well as a potentially average changeup. His curveball has 12-to-6 action, but he raises his arm slot on the pitch, which could give it away to hitters. He mixes in an 80-82 mph slider that occasionally gets big on him but is also an average or better offering. His changeup has some fade and really works well when he locates down and to his arm side. His command isn't exceptional, but scouts don't see it as a problem moving forward. Working against Hahn are a spotty medical history and limited track record of performance. As a freshman he went 3-7, 4.64 in 64 innings with 36 strikeouts and 25 walks. He saw significantly less time as a sophomore, going 1-2, 6.00 in 24 innings. Only two of his 17 appearances were starts. Hahn has seen a big turnaround this season, going 5-2, 2.81 with 64 strikeouts and 14 walks through 58 innings.
14. Zach Lee
McKinney (Texas) HS
Lee's status as one of the best quarterback recruits in the nation and a top student will make him one of the most difficult signing decisions in this draft. The perception among area scouts is that Lee might require as much as $3 million—and even that might not be enough to steer him away from playing two sports at Louisiana State. He passed for 2,565 yards and 31 touchdowns last fall, and his arm is just as potent on the mound. He already has a 90-93 mph fastball with room for more projection in his 6-foot-4, 195-pound frame. He also throws a sharp slider and a changeup that needs work but shows promise. Unlike many two-sport stars, he has a lot of polish. Lee has a clean delivery that he repeats, enabling him to throw strikes with ease.
15. Asher Wojciechowski
The Citadel
Wojciechowski grew up in Michigan but moved to South Carolina during high school with his family, in part for the strong college baseball. He wound up at The Citadel and has been a weekend staple for three seasons, earning a spot on USA Baseball's college national team last summer. Noted mostly for his 6-foot-4, 230-pound frame and above-average hard slider previously, Wojciechowski worked off the fastball more last summer with Team USA at the urging of Elon coach Mike Kennedy, who was Team USA's pitching coach. Wojciechowski took the advice to heart and has thrown harder as a result of throwing more fastballs and honing his mechanics. After throwing 89-92 mph last year, Wojciechowski has shown one of college baseball's best heaters this season, sitting 93-96 in numerous starts and reaching 96 in the eighth inning in at least two starts. Wojciechowski's slider is still a plus pitch, but he needs work on his rudimentary changeup. He has good control of his fastball and the durable frame to project as a mid-rotation innings-eater.
16. Chad Bettis
Texas Tech
Bettis could join Brett Eibner as an unsigned Astros 2007 draft pick (eighth round) who blossoms into a first-rounder three years later. As with Eibner, there's debate about Bettis' future role. He's definitely a pitcher, and while many scouts see him as a rubber-armed reliever, others say he has enough stuff to start. Texas Tech has used him in both roles, deploying him as a starter as a freshman, a reliever a year ago and both ways this spring. A 6-foot-1, 211-pounder, Bettis has a quick arm, fluid delivery and quality fastball. He pitches in the low 90s as a starter and touched 98 mph coming out of the bullpen last summer with Team USA. He generates velocity with his fluid delivery and arm speed rather than effort. He still needs to do a better job of locating his fastball down in the strike zone, but he has thrown more strikes and shown more sink this year. Bettis' mid-80s slider can be a plus, but he also overthrows it at times. His changeup gives him an effective pitch against lefthanders. He sometimes relies on his secondary pitches too much, to the detriment of his fastball command.
17. Barret Loux
Texas A&M
The Tigers spent heavily to sign high school pitchers Rick Porcello ($7 million contract in the first round) and Casey Crosby ($748,500 in the fifth) in 2007, and thought they also met the $800,000 asking price of Loux, their 24th-rounder. He changed his mind about signing and instead opted to attend Texas A&M, where his 2009 season was halted by bone chips in his elbow. After having the chips removed, Loux is healthy again and racking up strikeouts with a 90-92 mph fastball that touches 95. The 6-foot-5, 220-pounder throws with such ease that his fastball appears even harder. If he had a standout second pitch, he'd be a first-round pick, but he may have to settle for the sandwich round because his curveball and changeup are merely effective. His curveball was his best pitch in high school but hasn't been as sharp since his elbow surgery. He'll show an average changeup, though not on a consistent basis. Some teams have medical concerns about Loux, who missed two months of his high school senior season with a tender shoulder.
18. Peter Tago
Dana Hills HS, Dana Point, Calif.
Tago epitomizes Southern California cool. Oblivious to outside distractions, he calmly ambles off the team bus decked out in a hooded sweatshirt and wraparound shades with his iPod earphones firmly in place. He also worries little about high school hitters, whom he routinely dominates. His lanky 6-foot-3, 180-pound frame is ideally projectable, and Tago delivers the ball with an easy, relaxed throwing motion that is almost poetic. Tago, who switched his college commitment from UCLA to Cal State Fullerton in May, fires a 91-93 mph fastball, and his arm action and build indicate more velocity in the future. His curve exhibits nice shape and two-plane movement, but Tago will need to tighten the spin on that pitch. He can better incorporate his lower half into his delivery and clean up his arm stroke as well. He'll also need to develop a third pitch, such as a changeup. An Aflac and Area Codes alumnus, Tago provides a near perfect model of a prep righthander with a huge upside: projectable frame, easy arm action, calm demeanor and electric stuff.
19. Jacob Petricka
Indiana State
Petricka may have had more helium than any player a month before the draft, with his stock rising so rapidly that it could carry him into the first round. He began his college career at Iowa Western CC, where he sat out 2007 while recovering from Tommy John surgery and mostly pitched in the high 80s. He touched 94 early in the 2009 season after transferring to Indiana State, but didn't hold that velocity and ultimately turned down the Yankees, who took him in the 34th round as a draft-eligible sophomore. Petricka was on follow lists for 2010, and early in the season he was nothing special, sitting at 90 mph and featuring a soft curveball. Starting in mid-April, he made a quantum leap and began pitching at 92-94 mph and reaching 98 with his fastball, holding his velocity deep into games. His breaking ball now has some power to it and grades as a solid-average pitch. Scouts have noted that the 6-foot-4, 180-pounder is doing a much better job of using his legs and finishing his delivery.
20. Ryne Stanek
Blue Valley HS, Stilwell, Kan.
When scouts saw Stanek's 6-foot-4, 180 pound build and his ability to maintain a 90-92 mph fastball on the showcase circuit last summer, it was easy for them to project that he might throw in the mid-90s one day. That day came sooner than expected, as Stanek worked at 91-96 mph in his first game this spring. He has kept that velocity all spring, doing so with little effort. His delivery is fairly sound, though he does throw slightly across his body. His curveball is crisp and has two-plane break, giving him a second future plus pitch. He also throws a slider and changeup. Stanek is one of the cornerstones of a deep Arkansas recruiting class, but his step forward this spring means he'll likely bypass college.
21. Seth Blair
Arizona State
A Top 200 draft prospect out of Rock Falls (Ill.) High in 2007, signability caused Blair to drop to the 47th round and he headed west to Arizona State. He always had good stuff, and his results have taken a step forward every year there. He came into the season expecting to be Arizona State's Saturday starter, but was thrust into the Friday night lights when lefthander Josh Spence was shut down all season. He stepped up nicely, helping the Sun Devils get off to a 24-0 start and rank among the nation's top teams all season. Blair showed electric stuff earlier in the season, sitting 93-95 mph and even touching 97. He tailed off a little as the year went on, but he still pitches at 92-94. It's a heavy fastball with riding life and some sink when it's down in the zone, although it can flatten out later in games. His curveball is an average pitch now with a chance to be plus. He has a good changeup and a cutter that he uses occasionally. A long arm action in the back and some pulling off to his glove side cause him to have average command. His walk rate is down this year, but he still hits a batter nearly every game and runs up a high pitch count that causes him to leave games earlier than teams would like to see out of top pitchers. Blair is a Boras Corp. client, but teams don't consider him a particularly tough sign.
22. Kevin Gausman
Grandview HS, Centennial, Colo.
Gausman has a tall, thin build with long arms and legs. While scouts believe he'll add strength, he's one of the older players in this year's high school class and will always be on the slender side. He pitched as much as anyone last summer, throwing in just about every high-profile showcase event possible, including Perfect Game National, Aflac, Under Armour, Tournament of Stars, Area Codes, Team USA and Jupiter. Combine that with the fact that he played basketball all winter and bad weather in Colorado all spring, and it shouldn't come as a shock that his velocity was down a tick this season, sitting at 89-92 mph. Gausman has pitched in the low to mid-90s in the past. His fastball has some life and run, but he doesn't command it particularly well and it's flat in the zone. Last year in the state playoffs, he was up to 96 mph but gave up 11 runs in two innings. His secondary pitches—a 76 mph curveball, a Vulcan changeup and a cutter-like slider—are all below-average currently and project to be average at best. Because he has been inconsistent this spring, Gausman may slide to the supplemental or second round, but it will likely still take first-round money to sign him. If he heads to Louisiana State, he'd be draft-eligible again as a sophomore in 2012.
23. Tyrell Jenkins
Henderson (Texas) HS
Jenkins may be the most athletic pitcher in the draft. Baylor's top quarterback recruit, he also lettered in basketball and ran a 49-second quarter-mile in a relay race this spring—without any training. The next day, he was throwing 92-93 mph fastball in the seventh inning. Jenkins has a loose, quick, whippy arm that can deliver fastballs up to 95 mph. There's a lot of projection remaining in his 6-foot-4, 180-pound frame, and lots of room for improvement with his secondary pitches. He can spin a curveball and also throws a slider and changeup. He should develop more consistency once he focuses on baseball and does a better job of repeating his delivery. He's raw but has tremendous upside, making him a perfect fit in the sandwich round for teams with multiple picks. Jenkins is considered much more signable than fellow Texas high school pitcher/quarterback Zach Lee.
24. Mike Foltynewicz
Minooka (Ill.) Community HS
Foltynewicz is far and away the best pitching prospect in the Upper Midwest. He opened eyes by sitting at 91-94 mph and touching 96 with his fastball at a preseason showcase in February, and he has shown similar velocity throughout the spring. With his 6-foot-4, 190-pound frame, strength and arm speed, it's easy to project him regularly throwing in the mid-90s down the road. He already has an advanced changeup for a high school pitcher, as it features good sink and could become a plus pitch. He doesn't consistently stay on top of his breaking pitches, though he was doing a better job later in the spring. He throws both a curveball and a slider, and he'd be best served by focusing on improving his slider. No Illinois high school pitcher has gone in the first round since the White Sox selected Kris Honel in 2001, but a team that believes Foltynewicz can refine a breaking b all could be tempted to pick him that high. He'll pitch at Texas if he doesn't turn pro.
25. A.J. Vanegas
Redwood Christian HS, San Lorenzo, Calif.
Among a solid crop of Northern California high school righthanders, Vanegas is the top talent and the most pro-ready. Listed at 6-foot-2, 205 pounds, Vanegas has the type of build that can hold up immediately in pro ball while allowing him to pitch with his best stuff more often than not. With his clean arm action, good arm speed and stout frame, he's expected to get stronger and continue to add velocity. Vanegas pitches at 90-92 mph and can dial his fastball up to 94, with good life through the strike zone. He pitches with a high three-quarters arm slot, with smooth, short backside arm action. When his delivery is on, Vanegas spots the fastball to all quadrants of the zone and finishes his pitches well. His best secondary pitch is a mid-70s curveball that has tight spin, good bite and tilt. He also has a changeup. Vanegas was scouted heavily in the summer and fall ball because his high school team did not face very good competition. He has committed to Stanford, which will force teams to do their homework when gauging his signability.
26. Perci Garner
Ball State
Ball State produced a first-round pick (Bryan Bullington, No. 1 overall) and sandwich-rounder (Luke Hagerty) in the 2002 draft, and could repeat the feat again this year with Kolbrin Vitek and Garner. Garner joined the Cardinals on a football scholarship, but didn't see any game action in two years as a quarterback. After he emerged as the best pitching prospect in the Great Lakes League last summer, he gave up football, and he has continued to make strides this spring. Garner opened the season in Ball State's bullpen but moved into the rotation after shutting down a talented Louisville lineup for four innings in mid-March. He has a strong, athletic 6-foot-2, 225-pound frame and a pair of plus pitches in a lively 92-94 mph fastball that reaches 97 and a power curveball. He also throws a slider and a changeup. Garner's inexperience on the mound shows at times. His delivery can get slow and lack rhythm, and improving it would help his control. Though he's a draft-eligible sophomore, he's not considered a difficult sign.
27. Jason Adam
Blue Valley Northwest HS, Overland Park, Kan.
Adam began the year as the highest-rated pitching prospect in Kansas. Though Ryne Stanek has since surpassed him, Adam has pitched well enough that the state could have two high school pitchers drafted in the first three rounds for the first time ever. Adams' draft status hinges more on the strength of his commitment to Missouri than his stuff, which fits near the top of the draft. He has a low-90s fastball that tops out at 95 and also spins a good curveball. His changeup shows enough promise that he eventually could have three average-or-better pitches with good control. At 6-foot-4 and 225 pounds, he's more physical than Stanek, and he also repeats his delivery more consistently.
28. Cam Bedrosian
East Coweta HS, Sharpsburg, Ga.
Georgia has plenty of strong bloodlines this spring, with two sons of big leaguers jostling to go in the first two rounds. Besides Delino DeShields Jr., there's Bedrosian, whose father Steve pitched for the Braves and won the 1987 National League Cy Young Award as the Phillies' closer. Cam Bedrosian, whose middle name is Rock (as his father's nickname was Bedrock), could one day wind up a closer, but he has a chance to be a starter as well, which is why he's a potential first-rounder and a key Louisiana State signee. The only drawbacks with Bedrosian are his size (he's a 6-foot righty but strong at 200 pounds) and the fact he has some effort in his delivery. Scouts have seen his fastball touch 96 mph, and Bedrosian sits in the 92-94 range all day. He repeats his delivery well enough to have fastball command at the amateur level, and with some smoothing out of his delivery he could have average pro command. He also throws a fringe-average curveball and changeup, as well as a power slider. He has the potential to have a plus fastball and three average secondary pitches if it all comes together.
29. Chance Ruffin
En route to a 12-year big league career, Ruffin's father Bruce was a second-round draft pick out of Texas in 1985. His son could match or exceed that draft status after moving full-time to the bullpen this spring. Ruffin's stuff has played up after the change in roles, with his fastball jumping from 89-91 mph to 90-93, topping out at 95 when he's fresh. His 78-82 mph slider is his best pitch, and he has a late-breaking curveball that he uses to get backdoor strikes against lefthanders. He'll also mix in a changeup, though it's really more of a batting-practice fastball. His numbers through mid-May—0.89 ERA, 11 saves, .189 opponent average, 72-15 K-BB ratio—are as dazzling as any in college baseball. He's similar to former Longhorns closer Huston Street in terms of size, arsenal and competitive makeup. The biggest drawback with Ruffin is his size (6-foot-1, 185 pounds), but nevertheless some scouts think he could make it in pro ball as a starter. More likely, he'll be fast-tracked as a reliever.
30. Robbie Aviles
Suffern (N.Y.) HS
Scouts have been impressed with how Aviles has performed in the face of adversity. In late March, two of Aviles' Suffern High teammates were killed in a car accident. The two were honored before Suffern's game the following week, and Aviles took the mound and got the win. He struck out 11 in a perfect game in his next start, then whiffed 15 in a no-hitter in his subsequent outing. Aviles sat at 91-92 mph for most of his perfect game but reached back for 93-94 in the seventh inning. Aviles' 6-foot-4, 193-pound frame is athletic and projectable, and his arm action is loose, but he has a tendency to cut off his finish and needs to fine-tune his command. His curveball has good three-quarters break and projects as an average or better pitch. Some scouts say he flashes a plus changeup, but he rarely uses it against overmatched high school competition. Down the stretch, Aviles struggled to repeat his release point—especially on his breaking ball—and started working exclusively out of the stretch. Aviles needs some polish, but his upside is significant, and he is overwhelmingly regarded as the top prospect in the Northeast this year. A Florida signee, Aviles is a supplemental first-round or second-round talent and is considered signable.
31. Aaron Sanchez
Barstow (Calif.) HS
Sanchez has lured scouts to Barstow, stuck in the middle of the California desert halfway between Los Angeles and Las Vegas. Only one player—Royals righty Matt Mitchell, a 2007 14th-round pick—has been drafted out of Barstow in the last 20 years. Sanchez, an angular and projectable Oregon recruit, should change that. He first drew the attention of scouts (and comparisons to Orel Hershiser) during last summer's showcase season, when he starred in the Area Code Games and the Aflac game. Utilizing an easy, mid-three-quarters arm action, Sanchez flashes a 91-93 mph fastball and adds a crisp curve. Mechanically advanced, Sanchez uses his legs well in his pitching delivery, avoids flying his front shoulder open and finishes strongly while creating a decent downward plane. As he progresses, the 6-foot-3, 175-pounder will need to develop more movement on his fastball, which is now too straight. His command is negatively affected by variances in his arm slot, and Sanchez will need to add at least a pitch and potentially two to his current arsenal. Sanchez profiles as a No. 3 starter. He may take some time to reach the majors, but his tantalizing upside is difficult for any organization to ignore.
32. Jordan Swagerty
Arizona State
Swagerty was a highly touted high school player out of Prestonwood Christian Academy in Plano, Texas. He was a 2007 Aflac All-American and a member of Team USA's junior national team. Now a draft-eligible sophomore, the 6-foot-1, 175-pound righthander has been dynamite at the back end of the Sun Devils' bullpen. His fastball sits in the 92-94 mph range and can get up to 96 when he's amped up. But, that's not his best pitch. Swagerty also throws a 84-86 mph curveball that grades out as a legit 70 on the 20-80 scale. It's a true 12-6 hammer. Swagerty's size concerns some scouts, but he can hold his velocity in back-to-back outings. He doesn't quite profile as a big league closer, but should move quickly to the big leagues and reminds scouts of Angels set-up man Scot Shields.
33. Mathew Price
Virginia Tech
A draft-eligible sophomore, Price has a thin body at 6-foot-3, 170 pounds, and some scouts don't think he'll add much weight because there isn't anywhere to put it. One scout compared his frame to Mike MacDougal. Price is comparable to teammate Jesse Hahn, but he's a notch below him overall. His fastball sits comfortably at 92-93 mph, and he has shown the ability to touch 94-95 late in games. His curveball is average, but he flashes some that scouts can dream on. His second pitch is a changeup that's an average pitch now and has a chance to get better. His command as a freshman was below-average, but it's average to slightly above now. The concern with Price is his delivery. His arm is quick, but it's not real loose. There's some stiffness to his delivery as he has a short stride for someone with his height and he lands on a stiff front leg. This causes him to sometimes leave pitches up in the zone. His stuff puts him as a second-round candidate, high enough to consider him signable despite the leverage of returning for his junior season. For the Hokies, Price was 7-3, 4.37 through his first 12 appearances, 10 of which were starts. In 70 innings he had 68 strikeouts and 21 walks.
34. Taijuan Walker
Yucaipa (Calif.) HS
The 6-foot-5, 200-pound Walker doubles as an elite basketball player, averaging 21 points and 15 rebounds per game as a forward last season. He has great leaping ability, and his dunks on the court have made him into a local folk hero. As a junior, Walker pitched little but did play shortstop next to Diamondbacks supplemental first-rounder Matt Davidson, a third baseman. Obviously uncomfortable and ill-suited for the infield, Walker has since concentrated on pitching. Walker was terrific in a stint for the Angels Elite scout team in the fall of 2009, but since then he has been more erratic. His outings in the early part of this season were rocky, probably due to the transition from basketball to baseball. In later starts, Walker would start strongly and then struggle as a game went on. When right, Walker fires a 91-93 mph fastball that can touch 95, and adds a slider and curve. His whippy three-quarters arm action can be free and easy on some occasions, restricted and stiff on others. Scouts agree that Walker, who hasn't committed to a college yet, is a long-range project as a pitcher, but his combination of sparkling athletic ability, raw stuff and imposing build may make Walker a gamble worth taking.
35. Eric Jaffe
Bishop O'Dowd HS, Oakland
Jaffe stands out as the most likely Northern California high school player to be drafted. His size and present stuff immediately get attention. For the sake of comparison, it can be said that he is similar to Matt Hobgood, a first-round pick of the Orioles last year. Like Hobgood, Jaffe is a big-bodied righthander (6-foot-3, 230 pounds) with two plus present pitches. Also like Hobgood, Jaffe is an accomplished high school hitter with plus raw power, not to mention soft hands around the first-base bag. He likes to swing the bat and that could complicate his signability, because Jaffe likely will get the chance to hit if he attends California. However, it is his combination of a fastball that reaches up to 95 and a wipeout power curveball that has scouts preferring him on the mound. He has also added a split-finger fastball. Jaffe has displayed some command issues in the past but is a good athlete, and the more time he spends on the mound, the better the command will be.
36. DeAndre Smelter
Tattnall Square Academy, Macon, Ga.
Scouts who focus on what Smelter does have plenty to talk about. He's an exceptional athlete who turned down Division I offers in football (he was a wide receiver and defensive back) to sign with Georgia Tech to play baseball. He's a plus runner as well as a position player, but his arm strength sets him apart. Smelter has reached 95 mph with his fastball and has been up to 87 mph with a slider, which he doesn't throw often. His pitching coach is former big leaguer Kevin Brown, himself a Georgia Tech alumnus. Brown also has Smelter throwing a split-finger fastball with good action. Despite all those pluses, scouts see negatives on Smelter that have driven him down some boards. He's got big stuff, but he has below-average control and didn't throw a lot of quality strikes this spring. His delivery and arm action resemble those of Brown, complete with the hip turn and wrap in the back of his arm action. Even with his fast-twitch athleticism, it's a difficult delivery to repeat. Smelter's a wild card because of his Tech commitment, his erratic spring and the fact that his bonus can be spread over five years due to his two-sport ability.
37. David Filak
Oneonta State (N.Y.)
Filak has a fresh, explosive arm; he did not pitch in high school and walked on at Oneonta State as a catcher. He was quickly converted to the mound, where he led all Division III pitchers in strikeouts per nine innings (14.86) and fewest hits allowed per nine innings (5.07) as a sophomore last year. Scouts were buzzing about Filak after he ran his fastball up to 95 mph and flashed a plus-plus 83 mph spike curveball in his 2010 debut in Vero Beach, but he exited his third start of the season after just two innings because of elbow stiffness, which caused him to miss his next outing. He did not show quite as much velocity after returning to action, but he still posted a dominant season, going 8-0, 1.82 with 96 strikeouts and 16 walks through 59 innings. Filak's fastball settled in at 90-93 mph, and he still regularly flashed a plus curveball with 12-to-6 break in the 77-80 range. Filak did not learn to throw a changeup until last fall, and the pitch is a work in progress. Filak has a physical, athletic 6-foot-5, 220-pound frame, and he could still add velocity as he learns to make better use of his lower half in his delivery.
38. Drew Cisco
Wando HS, Mount Pleasant, S.C.
Cisco signed with Georgia, and the Bulldogs—with a staff ERA close to 9.00 despite a raft of power arms—could have used his feel for pitching this season. Cisco is so polished that it's almost unfair to lump him in with other high school pitchers. His grandfather Galen was a big league pitcher and pitching coach, while his older, shorter brother Mike pitched at South Carolina and is now in Double-A with the Phillies organization. Drew Cisco has good size at 6-foot-2, 190 pounds, the best command in the prep class and a knack for pitching beyond his years. Scouts believe Cisco will carve up wood bats with his ability to pitch inside and confidently work off his fastball, even if it has just average velocity at 88-91, touching 92. It stands out more for its life and command than for velocity. Cisco has a mid-70s curveball he can throw for strikes or bury that grades out as average, and a changeup with sink that he also commands. Cisco sets up hitters like a pro and will move faster than many college pitchers, but any loss in fastball velocity would reduce his margin for error significantly.
39. Josh Slaats
Slaats came to Hawaii via California High in San Ramon, Calif. He started for the Rainbows his freshman year, but was ineffective and moved to a relief role in 2009 after coming out of the bullpen for Wareham in the Cape Cod League the previous summer. Slaats returned to the Cape last summer and dominated (2-0, 0.95) and reclaimed a spot in Hawaii's weekend rotation, although he didn't become their Friday night guy until midway through this year and missed a start in March with some elbow tenderness. Slaats sits 90-93 mph with his fastball, holding it deep into games, and has even touched 95. Slaats throws a disappearing slider with sharp, two-plane break. His changeup is still coming along but has shown flashes of being a good pitch. Slaats has a physical presence on the mound at 6-foot-5 and 230 pounds. He repeats his delivery well, but has a tendency to open his hips a little early and fall off to the first-base side. As a pitcher from Hawaii, Slaats final start of the regular season at San Jose State and in the Western Athletic Conference tournament in Mesa, Ariz. will be important, as it will give more scouts a chance to see him.
40. Zach Cates
Northeast Texas CC
Undrafted out of an Arkansas high school in 2008 and bypassed again at Northeast Texas CC last year, Cates won't be overlooked a third time. He spent most of his freshman season as a catcher, standing out for his strong arm and working just seven innings on the mound. A strong fall as a pitcher landed him on follow lists, and he has steadily risen up draft boards this spring. His fastball ranges from 90-93 mph to 95-97, and there should be more consistent velocity in his 6-foot-3, 195-pound frame. For an inexperienced pitcher, he has a relatively advanced changeup, which grades out as a better pitch than his curveball. His curve does have its moments, and he could have an easy plus fastball with two solid secondary pitches once he develops. His command and control still need work, but neither is a red flag. He's a tough competitor. Cates hasn't committed to a four-year school for 2010 and should be signable.
41. Burch Smith
Howard (Texas) JC
Smith was a late bloomer in high school, not pitching much until his senior season, and he served as the No. 4 starter on Howard's 2009 team that started 57-0 and finished at 65-1 as the national juco champion. This spring, he has become the No. 1 starter on the Hawks and emerged as a possible second-round pick—with still more room for improvement. Smith throws a 90-93 mph fastball with little effort, and could add a few more mph and maintain his velocity deeper into games if he can pack some strength on his 6-foot-4, 195-pound frame. He has made the transition from thrower to pitcher, dealing more strikes and using his changeup and curveball to get outs rather than just trying to overpower hitters. Both of his secondary pitches can become at least solid-average, with his changeup grading better than his curve at this point. A 49th-round pick by the Indians a year ago, Smith will pitch at Oklahoma next season if he doesn't turn pro.
42. Daniel Tillman
Florida Southern
Florida Southern has had back-to-back seasons with a high-profile prospect who thrived in the Cape Cod League the previous summer. Robbie Shields didn't live up to billing last season, though the Mets still popped him in the third round. This year, Tillman figures to go in the same range as he has continued to rack up strikeouts in the nation's best Division II conference. He put up 22 scoreless innings on the Cape for Cotuit last summer and has had consistent stuff this spring. Tillman has a quick arm on his 6-foot-1, 200-pound body, and he consistently sits in the 90-94 mph range, touching 96. He complements it with a quick, hard slider, giving him two plus pitches. Tillman's mound presence gives him an extra edge and he has a closer's mentality. He'll have to hone his command to get a chance to close at the big league level but should have the stuff to reach the majors as a set-up man, going out as early as the third round.
43. Kevin Munson, James Madison
44. Addison Reed, San Diego State
45. Kyle Blair, San Diego
46. Scott Frazier, Upland (Calif.) HS
47. Robby Rowland, Cloverdale (Calif.) HS
48. Randy LeBlanc, Covington (La.) HS
49. Tony Dischler, LSU-Eunice JC
50. Sam Dyson, South Carolina
51. Jimmy Nelson, Alabama
52. Austin Wood, St. Petersburg (Fla.) JC
53. John Simms, College Park HS, The Woodlands, Texas
54. Dan Klein, UCLA
55. Tyler Green, Brazoswood HS, Clute, Texas
56. Cole Green, Texas
57. Jordan Cooper, Wichita State
58. Adam Duke, Spanish Fork (Utah) HS
59. Justin Grimm, Georgia
60. Luke Jackson, Calvary Christian HS, Fort Lauderdale
61. Nick Tepesch, Missouri
62. Adam Plutko, Glendora (Calif.) HS
63. Zach Weiss, Northwood HS, Irvine, Calif.
64. Gabriel Encinas, St. Paul HS, Santa Fe Springs, Calif.
65. Kevin Walter, Legacy HS, Westminster, Colo.
65. Donn Roach, CC of Southern Nevada
66. Bobby Doran, Texas Tech
67. John Barbato, Varela HS, Miami
68. Josh Mueller, Eastern Illinois
69. Matt Suschak, Toledo
70. Greg Peavey, Oregon State
71. Austin Kubitza, Colleyville (Texas) Heritage HS
72. Cody Buckel, Royal HS, Simi Valley, Calif.
73. Tyler Burgoon, Michigan
74. Cole Cook, Pepperdine
75. Jake Thompson, Long Beach State
76. J.R. Bradley, Nitro (W.Va.) HS
77. Michael Goodnight, Houston
78. Andrew Triggs, Southern California
79. Martin Viramontes, Loyola Marymount
80. Daniel Burawa, St. John's
81. Jason Hursh, Trinity Christian Academy, Addison, Texas
82. Chris Marlowe, Navarro (Texas) JC
83. Dixon Anderson, California
84. Clay Schrader, San Jacinto (Texas) JC
85. Seth Rosin, Minnesota
86. Thomas Royse, Louisville
87. Zach Neal, Oklahoma
88. Nick Kingham, Sierra Vista HS, Las Vegas
89. Brooks Pinckard, Baylor
90. Tyler Thornburg, Charleston Southern
91. Hayden Simpson, Southern Arkansas
92. Chad Sheppard, Northwestern State
93. Heath Hembree, College of Charleston
94. Joe Robinson, CC of Southern Nevada
95. Aaron Barrett, Mississippi


text:
Order reprints
CloudMan as a platform for tool, data, and analysis distribution
BMC Bioinformatics 2012, 13:315 doi:10.1186/1471-2105-13-315
This article is currently available as a provisional PDF. Reprints are produced from the final PDF, which is normally produced within 3 weeks.
Please complete the following form to register your interest in ordering reprints of this article. BioMed Central will contact you by email when the final PDF is available with details of how to obtain a quotation and place an order.
Fields marked * are required

subset: commoncrawl


text:
International Public Sector Accounting Standards
International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements. These standards are based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
- 1 Objective
- 2 Scope
- 3 Due process
- 4 Convergence of IPSAS with IFRS
- 5 Language of IPSAS
- 6 Features of IPSAS
- 7 Funding
- 8 The impact of the credit crisis on public sector accounting
- 9 IPSAS Adoption by intergovernmental organizations
- 10 IPSAS Adoption by Country
- 11 See also
- 12 References
- 13 External links
IPSAS aims to improve the quality of general purpose financial reporting by public sector entities, leading to better informed assessments of the resource allocation decisions made by governments, thereby increasing transparency and accountability.
IPSAS are accounting standards for application by national governments, regional (e.g., state, provincial, territorial) governments, local (e.g., city, town) governments and related governmental entities (e.g., agencies, boards and commissions). IPSAS standards are widely used by intergovernmental organizations. IPSAS do not apply to government business enterprises.
Due process[edit]
IPSAS are issued by IPSASB (International Public Sector Accounting Standards Board), an independent organ of IFAC (International Federation of Accountants). The IPSASB adopts a due process for the development of IPSAS that provides the opportunity for comment by interested parties including auditors, preparers (including finance ministries), standard setters, and individuals. IPSASB meetings to discuss the development and to approve the issuance of IPSAS or other papers are open to the public. Agenda papers, including the minutes of the meetings of the IPSASB, are published on the IPSASB's website: www.ipsasb.org. Observers on the IPSASB meetings include ADB, EU, IASB, IMF, INTOSAI, OECD, UN, UNDP and the World Bank.
Convergence of IPSAS with IFRS[edit]
IPSAS are based on the International Financial Reporting Standards (IFRS), formerly known as IAS. IFRS are issued by the International Accounting Standards Board (IASB). IPSASB adapts IFRS to a public sector context when appropriate. In undertaking that process, the IPSASB attempts, wherever possible, to maintain the accounting treatment and original text of the IFRS unless there is a significant public sector issue which warrants a departure.
Language of IPSAS[edit]
The approved text of IPSAS standards is that published by the IPSASB in the English language. The IPSASB Handbook has been translated from English into a number of languages, including French [1], Spanish [2], German, Russian and Chinese. The Arab Society of Certified Accountants (ASCA) of Jordan issued an Arabic [3] version of the IPSASB Handbook. In addition, Brazil is working on translation of IPSAS into Portuguese. See [4] for more information.
Features of IPSAS[edit]
There are 31 standards on the accrual basis of accounting and one standard on the cash basis of accounting (source: IPSAS Handbook published March 2011).
- When the accrual basis of accounting underlies the preparation of the financial statements, the financial statements will include:
- the statement of financial position (IPSAS 1),
- the statement of financial performance (IPSAS 1),
- the cash flow statement (IPSAS 2),
- the statement of changes in net assets/equity (IPSAS 1),
- the notes to the financial statements, or annex (IPSAS 1).
- When the cash basis of accounting underlies the preparation of the financial statements, the primary financial statement is
- the statement of cash receipts and payments.
Multilateral development banks (World Bank, ADB) provide a substantial amount of funding for the work of IPSASB. Other sources of revenue for the development of IPSASs include funding from international, national and regional government entities. In addition, IFAC (International Federation of Accountants) and the CICA (Canadian Institute of Chartered Accountants) support the IPSASB activity.
The impact of the credit crisis on public sector accounting[edit]
The credit crisis has raised several public sector accounting issues. Governments have extended credit to banks, guaranteed the liabilities of banks, purchased impaired debt instruments and in some instances have assumed control of banks. The unique nature of the credit crisis and the unprecedented response by governments around the world has reinforced the importance of high-quality standards for financial reporting by governments. The credit crisis has increased the need for accountability in the public sector and for transparency in its financial dealings.
IPSAS Adoption by intergovernmental organizations[edit]
The following intergovernmental organizations have adopted IPSAS or are in the process of adopting IPSAS:
- Commonwealth Secretariat: Adopted IPSAS as the basis for financial reporting from 1 July 2008 i.e. Financial Year 2008-2009. Source: Commonwealth Secretariat Website 2008-09 Audited Financial Statements (Page 5 under Accounting Policies). http://www.thecommonwealth.org/document/181889/34293/39128/171664/234661/audited_accounts.htm
- CoE (Council of Europe): Issues IPSAS compliant financial statements since 2007.
- EC (European Communities): Issues IPSAS-similar financial statements since 2005.
- ESA (European Space Agency): Aims to be IPSAS compliant by January 1, 2010.
- EUMETSAT (European Organisation for the Exploitation of Meteorologial Satellites): Aims to be IPSAS compliant with the production of the annual accounts 2012, in March 2013.
- INTERPOL (International Criminal Police Organization): From 2007 onwards, financial statements are prepared in accordance with INTERPOL's Financial Regulations and in compliance with IPSAS. If there is a divergence between IPSAS and INTERPOL's Financial Regulations, the INTERPOL Financial Regulations have been applied. Divergences are not deemed to be significant.
- ITER (ITER Organization - IO): Issues IPSAS financial statements since 2008.
- NATO (North Atlantic Treaty Organization): Issues IPSAS financial statements since 2008.
- OECD (Organisation for Economic Co-operation and Development): Issues IPSAS-compliant financial statements since 2000, the first body in the world to do so.
United Nations System[edit]
UN (United Nations), Programmes and Funds (such as UNDP, UNICEF and UNHCR), Specialized Agencies (such as FAO, ICAO, ILO, UNIDO, UNESCO, UNOPS and WHO) and Related Organizations (such as IAEA, OPCW, the World Trade Organization, and the World Meteorological Organization) aim to be IPSAS compliant.
- WFP (World Food Programme): WFP is the first United Nations agency to implement IPSAS. In its 2008 financial statements,[1] WFP adopted all standards issued by the IPSAS Board including several standards prior to their effective date.
- PNUD: Adoption in progress (2009/2012)[2]
IPSAS Manager Mark Fielding-Pritchard reports that UN Women adopted in full IPSAS from 1 January 2012. This was followed by a clean audit report from UNBoA as at 31 December 2012
IPSAS Adoption by Country[edit]
Many governments say they are introducing IPSAS because it is considered to be good practice. However, very few governments have actually adopted the standards. In terms of the Cash Basis IPSAS not a single country in the world has actually adopted the standard. The main problem is the key requirement to produce consolidated financial statements for all controlled entities. Consolidating government business entities with ministries and departments would be very time consuming and almost all governments consider that it is not worth the very real costs.
- United States of America - Applies accounting standards that are broadly consistent with IPSAS.
- Afghanistan - Process in place to adopt IPSAS, first cash basis then accrual basis. Legislation passed.
- Abu Dhabi - Prepared 2010 financial statements in accordance with accrual accounting IPSAS for some departments and municipalities.
- Albania - Applies cash basis of accounting. Law requires modified cash basis of accounting (including accounts payable). Plans to adopt cash basis IPSAS with the possibility of applying accrual accounting IPSAS subsequently.
- Algeria - World Bank project for accounting and other reform includes IPSAS.
- Argentina - Process in place to develop public sector accounting standards that are harmonized with accrual accounting IPSAS.
- Armenia - In the process of gradual transition towards accrual basis IPSAS. Draft law on public sector accounting and draft accounting standards, policies, manual and chart of accounts have been designed.
- Australia - Adopted full accrual accounting standards, consistent with IPSAS. The Australian Accounting Standards Board (AASB) has issued 'Australian equivalents to IFRS' (A-IFRS). The AASB has made certain amendments to the IASB pronouncements in making A-IFRS; however, these generally have the effect of eliminating an option under IFRS, introducing additional disclosures or implementing requirements for public sector entities, rather than departing from IFRS for Australian entities. Because of these amendments, the final standards as they apply to public sector entities are very similar to IPSAS.
- Austria - Process in place to adopt accrual accounting IPSAS.
- Azerbaijan - The 2004 Law on Accounting requires the adoption of national public sector accounting standards based on IPSAS by public sector effective 1 January 2009. Applicable to municipalities, budget organizations and off-budget state funds, i.e. the State Oil Fund and the Social Security Fund.
- Bangladesh - The government of Bangladesh has expressed both commitment and willingness to adopt the cash basis IPSAS and has taken an initiative to prepare the financial statements in accordance with the cash basis IPSAS. The first set of IPSAS based statements for the core ministries (excluding specialized organizations) and the specialized organizations are planned to be produced by the fiscal year 2007-2008 and 2009-2010 respectively. The government considers the adoption of the cash basis IPSAS a point of departure towards implementing the accrual basis of accounting in the long run.
- Barbados - Process in place to adopt accrual basis IPSAS.
- Belarus - Applies modified cash basis. No plans to adopt IPSAS.
- Bhutan - The department of public accounts (DPA) has notified that it will develop Royal Government of Bhutan Accounting Standards by referring to the cash basis IPSAS. The government of Bhutan has expressed a commitment to adopting the cash basis IPSAS and studying the feasibility of gradually moving to accrual basis of accounting.
- Bosnia and Herzegovina - Reports on the cash basis of accounting. No plans to adopt IPSAS.
- Botswana - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Brazil - The Federal Government of Brazil has announced plans to fully implement IPSAS by 2012.
- Bulgaria - Applies modified cash basis. Some initiatives to adopt IPSAS, but no concrete plan.
- Cambodia - Process in place to adopt accrual basis IPSAS.
- Canada - Applies accounting standards that are broadly consistent with IPSAS
- Cayman Islands - Government has adopted accrual basis IPSAS. However, this was associated with major problems and a delay of publishing government financial statements of over five years and very critical reports from the Auditor General.
- Chile - For several years the Chilean Public Sector has used accrual accounting, and "Contraloría General de la República" is leading a process to converge to IPSAS
- China - Project in place to adopt IPSAS. There is no formally announced decision.
- Cyprus - Has adopted the cash basis IPSAS.
- Colombia - The government of Colombia has made a commitment to IPSAS and is working on the convergence of its national accounting standards with international standards.
- Costa Rica - Government of Costa Rica mandated the use of IPSAS on October 11, 2007, by publishing Decree No. 34029-H. The process of adopting and implementing IPSAS has been undertaken by the preparation of the Official Accounting Framework for the financial and non-financial sectors of the public sector in Costa Rica.
- Croatia - Applies modified cash basis. No plans to adopt IPSAS.
- Cyprus - Process in place to adopt cash basis IPSAS.
- East and Southern Africa - The East and Southern African Association of Accountants General member states' aims include adoption of IPSAS. The association's member states are Botswana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Rwanda, South Africa, Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe. Funding support is provided by the Swedish International Development Cooperation Agency. See 'Tanzania' Section for updates about Tanzania.
- East Timor - Has adopted the cash basis IPSAS.
- El Salvador - World Bank project has IPSAS adoption as one objective.
- Estonia - Process in place to adopt accrual basis IPSAS.
- Fiji - Prepared 2009 financial statements in accordance with the cash basis IPSAS, including a consolidated statement of cash receipts and payments.
- France - Government has moved to accrual recently: Government financial statements were issued for the first time in 2006. They are audited by the Cour des Comptes (Public National Audit Office). Accounting standards are based on French GAAP for the private sector, IFRS and IPSAS. Standards are issued by the Conseil de normalisation des comptes publics (Advisory council on public sector accounting standards).
- Gambia - In the process of adopting the cash basis IPSAS, will then move to adopt accrual basis IPSAS.
- Georgia - Central government currently prepares budget execution reports in accordance with the cash basis of accounting. In 2007 the minister of finance decided to adopt IPSAS for central and sub-national governments, starting with the Cash-basis IPSAS, gradually adding disclosures about assets and liabilities in order to subsequently arrive at accrual accounting IPSAS.
- Germany - The City of Hamburg takes IPSAS as well as IFRS and the German Handelsgesetzbuch (HGB) into consideration in preparing its accrual accounting financial statements.
- Ghana - Has not adopted the cash basis IPSAS. Government business enterprises are not consolidated and there are no definite plans for adopting the accrual basis.
- Guatemala - Process in place to adopt accrual basis IPSAS.
- Honduras - Process in place to adopt accrual basis IPSAS.
- Hungary - European Union twinning project for accounting and other reform includes IPSAS.
- India - The Government Accounting Standards Advisory Board is in favor of limited adoption of cash basis IPSAS for cash transactions and corresponding accrual IPSASs for those transactions recorded on other than the cash basis. A road map has been prepared for transition from the cash to accrual accounting system and an operational framework for its implementation. The possible transition towards accrual accounting has been planned incremental and in phases spanning from 10–12 years. The central government and the majority of Indian state governments have accepted the idea of accrual accounting. The Committee on Accounting Standards for Local Bodies is reviewing IPSAS with a view to their adoption.
- Indonesia - IPSAS-compliant government accounting standards is in process. Download Indonesia Central Government's Financial Statements 2008 [5]
- Israel - On August 5, 2004 Government Resolution Number 2375 was passed as to the adoption and implementation of IPSAS by government ministries and by non-commercial statutory corporations. The Accountant General is currently leading a reform in the administration of State assets and liabilities involving the gradual adoption and implementation of IPSAS. A significant part of the data in the financial statements is presented according to Israeli Government Accounting Standards and IPSAS, but the statement of assets does not represent all the assets held by the State of Israel.
- Italy - Cash basis system as well as modified accrual system. Process in place to adopt accrual basis IPSAS.
- Jamaica - Commitment to adopt accrual basis IPSAS and change is in process.
- Japan - A government in Japan adopted full accrual accounting, which is in line with IPSAS. Tokyo municipal government has started the preparation of accrual based financial statements applying IPSAS similar accounting policies. The financial statements of Tokyo are available from: http://www.kaikeikanri.metro.tokyo.jp/kessan(english).htm.
- Jordan - The Jordanian Council of Ministers has announced plans to adopt and fully implement the International Public Sector Accounting Standards.
- Kazakhstan - The Government of Kazakhstan has announced that from January 1, 2013, the Republic of Kazakhstan will prepare and present public sector financial statements that comply in all material respects, with accrual basis International Public Sector Accounting Standards. Current financial reporting practice in the public sector is based on various decrees issued by the government, and the current proposal is to migrate directly to the IPSASs from the current basis. The migration process has been initiated by the Ministry of Finance with input from the National Bank.
- Kenya - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS. However, like the other members of ESAAG, Kenya has not adopted the Cash Basis IPSAS.
- Kyrgyzstan - The Kyrgyz Ministry of Finance is finalizing the transition to IPSAS in line with the Kyrgyz government's approval of an action plan to reform accounting and financial reporting in the public sector
- Kosovo - Having adopted the cash-basis IPSAS in 2004, the Republic of Kosovo was among the first countries in the world to issue financial statements complying with the cash-basis IPSAS. However, government business enterprises are not consolidated. Many ministries show subsidies and transfers to these organizations, but they are not fully consolidated as required by the Cash IPSAS. These financial statements are available in English from: http://www.mef-rks.org/en/download/517-budget-reports-and-financial-statements.
- Kuwait - The Ministry of Finance of the State of Kuwait has a project in place to implement accrual accounting IPSAS.
- Lao PDR - IMF and World Bank are working with the government to adopt IPSAS.
- Latvia - Financial statements for central and local government and government-related entities are accrual IPSAS compliant with one exception: tax revenue. Budget execution reports are cash-based.
- Lebanon - Project in progress to introduce IPSAS.
- Lesotho - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Liberia - On November 19, 2009 the Liberian Minister of Finance, the Hon Augustine Ngafuan, announced the adoption of the Cash Basis IPSAS for all transactions involving the central Government of Liberia. The Minister also announced the Government's long-term goal of adopting the accrual basis IPSAS. The Cash Basis IPSAS shall be applied to prepare government financial statements to cover the fiscal year July 1, 2009 to June 30, 2010, the government will migrate to the accrual basis IPSASs over a five-year period. [6]
- Lithuania - Approved IPSAS accrual accounting standards and are preparing accrual accounting financial statements for 2010.
- Republic of Macedonia - In the process of adopting the cash basis IPSAS, will then move to adopt accrual basis IPSAS. The Agency for financial support of agriculture and rural development, as well as the National fund within the Ministry of Finance use IPSAS accrual basis for the purposes of reporting to the European Commission on the use of the IPARD (Instrument for pre-accession assistance in rural development) funds.
- Malaysia - The Malaysian Federal Government has adopted the cash basis IPSAS. Its financial statements for the year ended December 31, 2005 were prepared in accordance with the cash basis IPSAS, were audited by the Supreme Audit Institution of Malaysia and received an unqualified audit opinion. However, government business enterprises are not consolidated. The New Economic Model for Malaysia, which was unveiled in 2 parts in 2010, has outlined a number Strategic Reform Initiatives ("SRIs") in support of the Economic Transformation Programme, as well as various policy measures forming the bedrock of these SRIs. The adoption of accrual accounting by the public sector was listed as one of these policy measures. This recommendation has immediately prompted the Performance Management and Delivery Unit ("PEMANDU") to bring on board some of the best and brightest amongst the public sector accountants and academia, as well as technical experts representing related bodies such as the Malaysian Institute of Accountants and the Malaysian Accounting Standards Board to draw up the transition roadmap through a six-week laboratory session. According to the roadmap, accrual accounting will be adopted in the financial reporting by the public sector with effect from 1 January 2015, using bases and policies which are consistent in all material respect with accrual basis IPSAS.
- Malawi - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Maldives - The Audit Act of the country allows the cash basis IPSAS to be followed albeit this is not specified in the public finance law. Process in place to adopt IPSAS. The Ministry of Finance and Treasury has been planning to introduce the IPSAS formats for statements, explanatory notes, and disclosures in 2009 as part of a public sector accounting project.
- Mauritania - Decision made to adopt IPSAS, implementation initiated.
- Mauritius - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Moldova - Treasury reports on the cash basis of accounting. Considering to adopt Cash-basis IPSAS. Budget institutions apply modified accrual basis of accounting
- Mongolia - Paragraph 26.3 of the Management and Financing Law for Budget Entities specifies that state entities prepare financial statements on the accrual basis of accounting. The Ministry of Finance, Mongolia and the Mongolian Institute of Certified Public Accountants provide public sector entities with the current IPSASB handbook of pronouncements for this purpose.
- Montenegro - Reports on the cash basis of accounting. No plans to adopt IPSAS
- Morocco - Institution building includes IPSAS.
- Mozambique - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Namibia - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Nepal - There is general consensus among policy makers, accounting professionals, and international organizations on the need for Nepal to adopt the cash basis IPSAS. Nepal has been developing Nepal public sector accounting standards by referring to the cash basis IPSAS in a close collaboration between the professional accountants and government officials. Attempts are being made to change the accounting regulations in order to incorporate the mandatory use of IPSAS.
- Netherlands - Government has experimented adoption of accrual basis IPSAS. The minister of Finance submitted an evaluation of this pilot to parliament in October 2008, arguing that accrual accounting is not more useful for ministries than the current commitments-cash accounting system. The Minister decided to improve the current commitments-cash accounting system and the non-financial information in the budget and the annual report. Parliament requested an analysis of experiences in accrual accounting in other countries. Accrual accounting has already been adopted by agencies, quangos and other 'business-like' organizations of government.
- New Zealand - At present New Zealand public sector entities apply NZ IFRS, which include 'public benefit entity (PBE)' amendments. These PBE amendments mean that NZ IFRS, as they apply to public sector entities, are similar to IPSAS. However, New Zealand is currently considering proposals to have two sets of accounting standards: one set to be applied by entities with a for-profit objective; and another set to be applied by entities with a public benefit objective. It is proposed that this latter set of standards be based on IPSAS. Details of these proposals are available at XRB
- Nicaragua - Adopted cash basis IPSAS.
- Nigeria - In the process of adopting the cash basis IPSAS, will then move to adopt accrual basis IPSAS. This is to conform to international accounting standards.
- Norway - Central government is piloting the change to full accrual accounting. In the pilot entities Norway applies the accrual basis IPSAS where there is no applicable Norwegian private sector accounting standard.
- Pakistan - Adopting Cash Basis IPSAS was one of the major achievements of World Bank backed Project to Improve Financial Reporting and Auditing (PIFRA). Now the Federal Government, all Provincial Governments and District Governments are presenting their annual financial statements on Cash Basis IPSAS. The compliance with the Cash Basis IPSAS is seen as a transition path towards presenting the full accrual information. World Bank project supports this change.
- Palestinian Authority - The 2008 financial statements are the first financial statements similar to the cash-basis IPSAS to be issued by the Palestinian Authority. Deviations from the standard include consolidation and budget information. There is an ambition to apply accrual accounting IPSAS for the 2012 financial statements.
- Peru - In the process of adopting IPSAS. IPSAS 1 to 17 were implemented on January 1, 2004 and IPSAS Standards 18 to 21 were implemented on March 14, 2006.
- Philippines - Has adopted accrual accounting IPSAS.
- Romania - Central government has adopted the accrual basis of accounting, including some of the IPSASs, notably IPSAS 1 Presentation of Financial Statements, IPSAS 2 Cash Flow Statements, IPSAS 12 Inventories, IPSAS 17 Property, Plant and Equipment and IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets. Plans include improvement of compliance with these standards and the adoption of additional IPSASs, including IPSAS 6 Consolidated and separate financial statements.
- Russia - Has adopted the accrual accounting IPSAS and has made significant progress towards implementation.
- Rwanda - The financial statements and accounting policies adhere, to the extent possible, to the Cash-basis IPSAS. Deviations include recognition of accounts payable (invoices for goods and services which are outstanding on the date of the closure of the fiscal year are recognized as liabilities), loans receivable and advances are recognized as assets, interest payable on public debt is accrued, and consolidation.
- Saudi Arabia - The Ministry of Finance of the Kingdom of Saudi Arabia and the Saudi Audit Bureau commissioned a study starting 2008 to evaluate the Saudi government's current financial reporting and to analyze the improvements IPSAS might bring.
- Swaziland - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Serbia - Applies cash accounting. Law includes requirements to comply with Cash-basis IPSAS.
- Singapore - Adopted full accrual accounting standards, consistent with IPSAS.
- Slovak Republic - Has adopted accrual basis IPSAS.
- Slovenia - Reports on the cash basis of accounting. No plans to adopt IPSAS. In 2010 a law went into effect requiring a state balance sheet to be included in the financial statements.
- Solomon Islands - Prepared 2009 financial statements in accordance with the cash basis IPSAS, including a consolidated statement of cash receipts and payments.
- South Africa - The Office of the Accountant General (OAG) issues a preparation guide on financial statements to be adopted by government departments per financial year. This guide prescribes the modified cash basis of accounting to be used by all departments. Public entities and trading entities use Generally Recognized Accounting Practice (GRAP), developed by the South African Accounting Standards Board based on IPSAS. Public/ widely held companies use IFRS.
- Spain - The Spanish Ministry of Economy and Finance is implementing accrual basis IPSAS for public sector financial reporting. The Ministry plans to have implemented accrual basis IPSAS by 2011 at the latest. Spanish translation of IPSAS Handbook is available.
- Sri Lanka - The state annual accounts are prepared in accordance with the cash basis IPSAS since 2002. The incorporation of the additional accrual disclosures in the financial statements has been seen as a first step towards the accrual-basis of accounting. The government has expressed its commitment towards adopting the accrual-basis IPSASs for accounting and budgeting. The Government of Sri Lanka has requested that the Institute of Chartered Accountants of Sri Lanka[3] prepare suitable accrual basis accounting standards for use by public sector entities. The ICASL's Public Sector Accounting Standards Committee has begun the process of developing Sri Lankan versions of the IPSASs, as at July 2009, five standards had been completed and forwarded to the Government.
- Switzerland - Federal government is adopting IPSAS, effective from 2007. The government of the State/Canton of Geneva is similarly adopting IPSAS from 2008 and the State/Canton of Zurich from 2009. The governments of the States/Cantons of Lucerne and Berne have initiated projects adopting IPSAS, with effective dates 2012 and 2013, respectively. All States/Cantons should adopt at least a national standard called HAM2, but are allowed to go beyond and adopt IPSAS. HAM2 is based on the accrual basis accounting model HAM (1981), but converges with IPSAS in respect of presentation, recognition and disclosure. However, HAM2 has lesser requirements mainly in respect of measurement.
- Tajikistan - The Public Financial Management Modernisation Programme prepared an implementation and training strategy for Tajikistan national public sector accounting standards based on IPSAS as part of an overall public sector reform strategy by the Ministry of Finance.
- Tanzania - The Central Government, Tanzania, under the Accountant General (ACCGEN) migrated to accrual based IPSAS for the year ended 30 June 2013. Local Government Authorities and other Government Entities are complying with accrual based IPSAS/IFRS respectively. For the year ended 30 June 2014, the ACGEN Office prepared for Tanzania Mainland, the first set of consolidated financial statements for the Whole-Of-Government. The Government adopted the transition provision of IPSAS 6, hence the elimination of inter-entity transactions and balances will be done for the year ending 30 June 2015. Additionally, the transitional provisions of IPSAS 17 on PPE and IPSAS 23 on Taxes have been adopted, hence the five years transitional period to 2017.
- Turkey - Turkish central government started moving to modified accrual based accounting in 2003. The Public Financial Management and Control Law of 2006 require the government to adopt international accounting standards for the public sector. Based on this law, the government issued a public accounting regulation for central government entities in 2006 and established a Public Accounting Standards Board. In 2006 this Board decided to adopt IPSAS 1 through IPSAS 21 in a 6-year period (deadline is 2012). By 2011 17 standards have been adopted.
- Turkmenistan - As part of its public administration reform project, the Ministry of Finance prepares the adoption of accrual accounting IPSAS.
- Uganda - Arrangements are underway to commence transition from modified cash basis of accounting to adoption of full accrual IPSAS. A phased implementation approach is planned. This will entail a phased implementation approach initially focusing on updating the legal and regulatory frame work for budgeting, financial management and reporting, review of the chart of accounts and development of comprehensive accounting policies and reporting guidelines.
- Ukraine - Presidential decree requires government to adopt accrual accounting, but no accrual accounting standards have been adopted yet.
- United Arab Emirates - Process in place to adopt accrual basis IPSAS.
- United Kingdom - UK public sector applies accounting guidance that is broadly consistent with IPSAS. The accounts of the central government departments and entities in the central government and health sectors have been produced using International Financial Reporting Standards as adopted by the EU from 2009/10 onwards. IPSAS form the second level of standards in the hierarchy used in developing the IFRS-based accounting guidance, and are relied on where they cover issues not covered by IFRS or IAS, or where they provide additional guidance on interpretations or adaptations for the public sector context. Local government bodies in the UK have adopted this framework from 2010/11 onwards.
- Uruguay - The government has mandated IPSAS for the national accounting entity. This is established in clause 21 of Decree 81, dated December 17, 2002, that gives responsibility to the National Audit Office of the Republic, to record and publish the financial statements. Decree 327/997 gives responsibility to the General Accounting Office of the Nation to draw up the General Framework for Public Accounting, including the master plan of accounts, and all related standards and to draft the financial statements for the Nation's Treasury and Public Accounts. The General Accounting Office of the Nation has not yet complied with the decree, but it is making a great effort to implement the mandate and to install a reliable accounting system. It is also preparing the government staff to become proficient in the knowledge and practical use of IPSAS.
- Uzbekistan - The Ministry of Finance of the Republic of Uzbekistan has adopted a Public Financial Management Reform Strategy 2007-2018, which has been published on www.adb. org. The Strategy states, inter alia: "Accordingly, it is planned to: promulgate new Uzbekistan public sector accounting standards in line with accrual basis IPSAS; comply with GFSM 2001; and undertake budget accounting on a cash basis reflecting the GFSM 2001 classification structure."
- Vanuatu - Process in place to adopt accrual basis IPSAS.
- Vietnam - Process in place to adopt IPSAS with IMF and World Bank support. Translation of IPSAS in process.
- Yemen - Process in place to adopt cash basis IPSAS.
- Zambia - Process in place to adopt cash basis IPSAS. Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
- Zimbabwe - Member of ESAAG (East and Southern African Association of Accountants General). The aims of ESAAG member states include the adoption of the Cash-basis IPSAS.
However, the number of governments that have actually adopted the full accrual basis for the financial statements of their central government ministries is very limited. In December 2007, Mike Hathorn (then chair of the IPSAS Board) said that only six governments across the world had actually issued financial statements on the full accrual basis (at the FEE Public Sector meeting, Brussels). In September 2009, the IMF said that the following countries had adopted the full accrual basis of accounting:
New Zealand Australia USA UK Canada Colombia France
see - http://www.eastafritac.org/images/uploads/documents_storage/Transition_to_Accrual_Accounting.pdf
See also[edit]
- ^ The financial statements of WFP are available from: http://fb.unsystemceb.org/reference/05/fold31069/WFP/
- ^ http://www.undp.org/about/ipsas/index.shtml
- ^ http://www.icasrilanka.com/
External links[edit]
- {http://www.pwc.be/en/ipsas}
- Website of the International Public Sector Accounting Standards Board (IPSASB)
- Converting to IPSAS (unauthorized by IFAC)
- IPSAS Institute located in Bern, Switzerland (unauthorized by IFAC)
- (German) German IPSAS website (unauthorized by IFAC)
- Implementing IPSAS (unauthorized by IFAC)
- www.ipsas.be (unauthorized by IFAC)


text:
Heyyy..Anyone studying primary education in Liverpool John Moores starting September 2011, not sure what accommodation to go for??
Primary Education Liverpool John Moores/Accommodation
Announcements | Posted on |
Submit reply
Thanks for posting! You just need to create an account in order to submit the post Already a member? Sign in-
Oops, something wasn't right
please check the following:


text:
Hail to the Chimp - Candidates
Animal Kingdom Presidential candidates Ptomley and Crackers set out their stalls for election. Who's going to get your vote?
Comments (1)
Mortal Kombat X Fatalities guide Our reference list of all of the new finishing moves.
Titan Souls walkthrough and boss guide How to beat every boss in the game.
Loading... hold tight!


text:
Exclusive // Stephen Curry's "Splash Party" Under Armour Curry One Birthday PE
words & images // Nick DePaula: For the second year in a row, Stephen Curry will take the court on his birthday in fashion, with...More
41words & images // Nick DePaula: For the second year in a row, Stephen Curry will take the court on his birthday in fashion, with...More
Nick DePaula 41words & images // Nick DePaula: In just his second season headlining Under Armour Basketball, Stephen Curry has everything clicking on court, as his Golden State...More
Nick DePaula 14This is Stephen Curry's year. The Golden State Warriors guard is leading his team to the the top of the West and best record in...More
Matt Halfhill 0Emmanuel Mudiay has been on NBA general managers radars for a long time. This lanky guard that hails from Dallas, Texas by way of the...More
Pierce Simpson 0Team bank colorways are popping up for the upcoming basketball season, including those for the Under Armour Anatomix Spawn. Under Armour's newest basketball shoe is...More
Jordan Howenstine 0Fresh talent gets laced with a fresh pair of kicks at the NBPA Top 100 Camp this week. The participants in the camp will wear...More
Tee Jay Void 0Under Armour Charge BB Low Raymond Felton PE...More
Tee Jay Void 1Made in Austin


text:
BlackBerry 8703e
Time Zones
How can I get the 8703e with VZ to auto update to the current time zone? Currently I have to go into settings and do it manually... seems kinda stupid.
No replies to this message
printed April 21, 2015
See this page online at:
No replies to this message
All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.


text:
log cribs (2 RESULTS)
No more messy woodpile! EZ-Stacker Wood Crib sets up in seconds and lets you have an organized wood pile with a customized log rack that suits your needs. No tools or hardware needed. You...
See More Furniture
EZ Stacker Wood Crib
You are sure to delight any child with our Rustic Log Toddler's Beds. Sized to fit a standard crib mattress and bedding. Hand-crafted at our shop right here in Minnesota. Simple Assembly...
Free Shipping
See More Furniture
Toddlers Cedar Log Bed
Amazon Marketplace
Ads related to log cribs


text:
- Product Information
Product Description
Wear our light weight cardboard NHL Hockey Masks during your Stanley Cup play off party. These fun NHL Hockey Masks are a great way to really get into the game! Each pack of 10" by 7 3/4" NHL Hockey Masks come 8 to a pack. Please order in increments of 1 pack. - Questions & Answers
- Reviews
10 Ways to Throw a Gender Reveal Party
Check out these fun ways to share the gender of your baby with all of your loved ones at a gender reveal party!
Host Your Own Kentucky Derby Party with These Simple Tips!
Join in on all the fun that the Kentucky Derby has to offer when you host a Kentucky Derby party in your own home! Wear your fancy hat and use these party ideas to prepare for your fabulous event.
Spend a Day in Paris with a Paris Party!
Add a Paris theme to any type of soiree with the help of Paris decorations and French treats. Use these party planning tips and ideas to help you prepare for your party!