Paper published by the European Federation of Accountants (FEE) in January 2007 describes progress made by European countries in the implementation of accrual accounting in the public sector. There is an 80 per cent adoption of some form of accrual accounting across public sector bodies. The paper notes that it is becoming more likely that public sector organizations will use IPSAS as the basis for introducing accounting standards. Countries well advanced in accrual accounting within their public sectors include: Denmark, Finland, Latvia, Estonia and the United Kingdom.