The IAMD COE issues annual financial statements dealing with financial reporting under the accrual basis of accounting based on International Public Sector Accounting Standards (IPSAS) pursuant to NATO Accounting Framework (NAF).
The accrual IPSASs are based on the International Financial Reporting Standards (IFRSs), issued by the International Accounting Standards Board (IASB) where the requirements of those standards are applicable to the public sector.
The adoption of IPSASs , cosnsidering NAF, by IAMD COE, improves both the quality and comparability of financial information reported by the Centre to its Steering Committee enhancing trasparency and reliability.