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The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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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.
Mark your Calendar: March 28 in Brussels
The IPSASB will hold roundtables over the coming months to field questions, raise awareness and encourage feedback during the Consultaton period for its Strategy and Work Plan 2019-2023.
In partnership with Accountancy Europe, the roundtable discussion will be held in Brussels on March 28. Find out more about the event and agenda.
This presents an opportunity for participants to discuss the proposed strategic objective, the five supporting strategic themes and the projects proposed during the 2019-2013 period, with the IPSASB chair, European IPSASB members and the IPSASB Technical Director.
Provide your Comments on IPSASB Strategy and Work Plan 2019-2023
Comments are open for our proposed Strategy and Work Plan for 2019-2023 until June 15.
The draft Strategy emphasizes the importance of International Public Sector Accounting Standards (IPSAS) to public financial management reforms and proposes the following strategic objective:
Exposure Draft 64, Leases
The IPSASB has issued Exposure Draft 64, Leases. The Exposure Draft proposes a single right-of-use model for lease accounting that will replace the risks and rewards incidental to ownership model in IPSAS 13, Leases.
For lessees, ED 64 proposes accounting requirements that are converged with IFRS 16, Leases issued by the International Accounting Standards Board. For lessors, ED 64 proposes a right-of-use model specifically designed for public sector financial reporting. ED 64 also proposes new public sector specific accounting requirements for leases at below market terms (also known as "concessionary leases") for both lessors and lessees.
Comments are due by June 30, 2018. Read more here.
Exposure Draft 63, Social Benefits
The IPSASB has issued Exposure Draft 63, Social Benefits, which addresses accounting for the delivery of social benefits, such as retirement, unemployment, and disability. The proposed standard aims to improve consistency, transparency, and reporting by public sector entities of social benefit schemes, which account for a large portion of government expenditure in most jurisdictions.
Comments are due by March 31, 2018. Read more here.
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