During the reporting period, system-wide support towards implementation of the International Public Sector Accounting Standards (IPSAS) had brought important activities to fruition. In particular, an 18-course training suite has been completed and made available to United Nations system organizations, some of which have already started to deliver courses based on the materials provided. A set of 60 accounting papers — policies and guidance — was completed in 2009 resulting in all major IPSAS policies issues now being covered by relevant system-wide guidance intended to promote the highest possible level of harmonization in interpretation and application of IPSAS. This set will now be updated and maintained to reflect future developments related to IPSAS. The most important outcome of this project is the number of organizations successfully implementing IPSAS. In 2009, WFP obtained a clean audit opinion on its first set of financial statements for the year ended 31 December 2008. The system-wide IPSAS team worked in this period to codify and transfer to the other organizations of the system the most important lessons learned in terms of approach to implementation issues and dialogue with external auditors. As many as 10 organizations are expected to implement IPSAS by 2010, while the majority of the remaining organizations will implement by 2012.