The Public Sector Accounting Standards Council

The Public Sector Accounting Standards Council, known as “Conseil de normalisation des comptes publics” (CNOCP), is an advisory body under the authority of the Minister of Finance and Public Accounts.

The Council is in charge of setting the accounting standards of public and private entities with a non-market activity and primarily funded by public funding, including contributions. The Council can also put forward new and innovative provisions regarding regulation of accounting standard on a national level. Additionally, it actively participates in international debates on public accounting.

The entities falling under the Council's oversight include central government, government-controlled organizations, territorial authorities, local public agencies, and social security organizations.

Since 2023, in an expansion of its mandate, the CNOCP is empowered to propose guidelines for the content and presentation of sustainability information supplementary to the financial statements of public entities.