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The International Public Sector Accounting Standards Board® (IPSASB®) works to improve public sector financial reporting worldwide through the development of IPSAS®, international accrual-based accounting standards, for use by governments and other public sector entities around the world.
FOCUS ON: ADOPTION AND IMPLEMENTATION
SUPPORTING RESOURCES: IPSAS 41, FINANCIAL INSTRUMENTS
SPOTLIGHT ON:
New Blog: IPSASB Widens its Strategic Consultation
IPSASB Technical Director and Deputy Director discuss the Board's strategic consultation process in a new blog for the IMF. Read the full post here!
IPSAS 41, Financial Instruments, Released
IPSAS 41, Financial Instruments, establishes new requirements for classifying, recognizing and measuring financial instruments to replace those in IPSAS 29, Financial Instruments: Recognition and Measurement.
Published in August 2018, IPSAS 41 provides users of financial statements with more useful information than IPSAS 29, by:
- Applying a single classification and measurement model for financial assets that considers the characteristics of the asset's cash flows and the objective for which the asset is held;
- Applying a single forward-looking expected credit loss model that is applicable to all financial instruments subject to impairment testing; and
- Applying an improved hedge accounting model that broadens the hedging arrangements in scope of the guidance. The model develops a strong link between an entity's risk management strategies and the accounting treatment for instruments held as part of the risk management strategy.
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QUICK LINKS
LATEST PUBLICATIONS & RESOURCES
Call for Nominations for the International Public Sector Accounting Standards Board in 2020
IPSASBImprovements to IPSAS, 2018
IPSASB2018 Handbook of International Public Sector Accounting Pronouncements
IPSASB
IPSASB on 
How can #G20 countries advance the global economy? Adopting accrual-based financial reporting with #IPSAS for all public sector entities is key, according to @IFAC https://t.co/X78Yx6DCjd https://t.co/kXmn8MgGwv (1 day ago)
RT @PMasonCPFA: Interested in improving financial reporting by governments? Public sector experts are sought to join International Public S… (4 days ago)
RT @eugekap: Tobias Polzer from @Uni_of_Essex gave last paper in our group #EGPAPSGXII , offering a Literature Review on Suitability of IPS… (6 days ago)
How should governments account for natural resources? @FRASCanada provides its latest thinking to @theprovince https://t.co/zx9C1Q0Kem We will consider adding a natural resources project to our work plan at our December 2018 meeting. (1 week ago)
Happy #InternationalAccountingDay! In the public sector, accountants follow international standards and adopt best practices to improve government decision-making and accountability. We salute you! https://t.co/eRKl0EQGf1 (1 week ago)
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