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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 
RT @PMasonCPFA: Day two begins with a session on integrated reporting. @IPSASB_News Chair Ian Carruthers is on the panel. https://t.co/s2QG… (1 day ago)
RT @smithra2013: The pace of adoption and impementation of #IPSAS is increasing. By the end of 2023 up to 65% of governments expected to be… (1 day ago)
Strong public financial management is essential to increase transparency and accountability in the economy. In developing #IPSAS, we are proud to help set the stage for a corruption-free future. We stand #UnitedAgainstCorruption today and every day https://t.co/l9cspeTihQ (2 days ago)
As 2018 comes to a close, the Board has unanimously approved our Strategy and Work Plan 2019-2023: Delivering Global Standards. Inspiring Implementation. This document sets out the IPSASB’s strategic priorities and projects for the next five years #IPSASNextPhase https://t.co/RHwOSCOxGf (4 days ago)
Approval of #IPSAS 42, Social Benefits, is a major milestone. Our chair discussed the latest with @PFIntl https://t.co/dIaVPivKlA https://t.co/265DB9GcVp (5 days ago)
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