The paper studies international experience in the application of International Public Sector Accounting Standards (IPSAS) with the purpose of identifying their main characteristics. The method of comparative analysis was used. A number of problems associated with the introduction and first application of standards have been identified. Conventionally, these problems can be divided into the following groups: technological, organizational and financial. Technological difficulties are associated with the use of modern information and communication technologies, which allow to quickly and efficiently prepare reports in accordance with IPSAS. Organizational problems are closely related to financial ones. Accounting reform and training of specialists in accounting services entail significant costs, primarily budgetary resources. The results of study will make it possible to evaluate and apply good practice in the implementation and use of standards, as well as to avoid common mistakes. It is necessary to take into account international experience in applying IPSAS in the public sector, which will speed up the process of harmonizing national budgetary accounting.