The Task Force on Accounting Standards (Task Force) was established by the High Level Committee on Management of the Chief Executives Board for Coordination of the United Nations system in 2002 and in 2005 was mandated to provide support, coordination and leadership to the implementation of International Public Sector Accounting Standards (IPSAS) in the United Nations (UN) system. Twenty five UN system organizations are involved in IPSAS implementation and are at different stages of IPSAS compliance. The Task Force serves as a forum for exchanging ideas, clarifying positions, interpreting and providing guidance on the standards. The role of the Task Force is to facilitate and coordinate dialogue amongst UN system organizations on accounting and financial reporting issues and practices. The Task Force, under the auspices of the Finance and Budget Network, promotes consistent interpretation and application of IPSAS requirements across the UN System. Furthermore the Task Force facilitates IPSAS implementation and post implementation activities through systematic and practical exchange and deliberation of substantive issues. The Task Force meets twice a year and is supported by the UN system IPSAS Project Team.