IPSAS are international accounting standards for the public sector used by countries worldwide as a framework for the preparation and presentation of financial statements. They were issued by the IPSASB and they are based on the International Financial Reporting Standards. IPSAS package consists of 32 standards on an accrual basis, a single standard on a cash basis and 6 standards in preparation , so-called plans which will also be on an accrual basis. They are used by all public sector units other than profit-oriented state entities. European accounting standards for the public sector (EPSAS) were developed based on IPSAS and they represent standards which will be used by EU member states. Their development was driven by the financial crisis in Europe, which requires standardization of accounting systems of all member states in the area of the public sector. They aim at full harmonization of accounting basis within and between EU member states. IPSAS 22 - Disclosure of information about the general government sector is standard on the accrual basis, which is one of the three standards for specific business sectors of general government. All countries which financial staetements are based on the accrual basis, must abide by the terms and conditions defined by this standard. Those financial statements which are prepared in accordance with this standard provide information that is useful in making decisions and refer the accountability for its resources with the disposal and controlled. This standard requires that the consolidated financial statement are separated in order to have information about the general government sector are presented separately as a part of the public sector. All entities that publish data on the general government sector in accordance with this standard should announce which are all controlled entities that are included in the general government sector.