The Public Sector Accounting Standards Board (PSASB) was established and constituted in accordance to sections 192 and 193 of the PFM Act, 2012 through a Gazette Notice No. 1199 of 28th February 2014. At the Cabinet level, the Board is represented by the Cabinet Secretary to the National Treasury.
The Board is committed to participatory approach and remain customer-focused in delivery of its mandate
To prescribe and promote adoption of financial reporting, internal auditing, and risk management standards in the public sector
Globally acceptable standards on public sector financial accountability
It comprises of the Chief Executive Officer (CEO) and Heads of Directorates.