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- Accountability. Now.
- Adoption of International Standards
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Independent Standard-Setting Boards
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.
Comment Deadlines for ED 68 and CP, Measurement, Extended to October 14
Please note that the comment deadlines for the Consultation Paper, Measurement, and Exposure Draft 68, Improvements to IPSAS, 2019, have been extended to Monday, October 14. The comment deadline was extended to accommodate website maintenance occurring between September 28 and October 7, 2019.
Respondents submitting comment letters between September 28 and October 7 will need to email the project manager directly. The the case of the Measurement CP, please email DaveWarren@ipsasb.org. In the case of ED 68, please email AmonDhliwayo@ipsasb.org. You will not be able to submit comment letters online during this time.
On August 19, 2019, the IPSASB held its first 2019 Regional Roundtable for Latin America, in Brasilia, Brazil, hosted by the National Treasury, Federal Accounting Council, and Brazilian Accounting Foundation.
The Regional Roundtable was a great opportunity for the IPSASB chair and senior staff to present the recently published IPSASB Strategy & Work Plan 2019-2023, discuss issues on active projects, and receive feedback on potential research projects in a region which has a number of IPSAS implementation projects underway.
Around 100 people, from 15 countries, representing almost 50 organizations throughout Latin-America and international organizations (International Monetary Fund, World Bank, Inter-American Development Bank) very actively participated in this successful Regional Roundtable.
The IPSASB is extremely grateful to the hosts for making this important event happen.
The IPSASB's Biennial Review, Delivering for the Future, summarizes the Board’s successes, challenges, and key outputs during 2017 and 2018.
The majority of the Board’s projects during the review period were public sector-specific in nature and aimed at closing perceived gaps in the IPSASB’s suite of standards, while maintaining alignment with International Financial Reporting Standards, when appropriate.
The IPSASB Strategy and Work Plan 2019-2023 was also developed during the review period, which will guide the Board’s future activities toward its strategic objective.
ED 68, Improvements to IPSAS, 2019, was approved by the International Public Sector Accounting Standards Board (IPSASB) in June 2019. ED 68 proposes minor Improvements to IPSAS in order to address issues raised by stakeholders. The proposals in this Exposure Draft may be modified in light of comments received before being issued in final form.
This Consultation Paper is the IPSASB’s first step in establishing a comprehensive measurement framework for the public sector. The Consultation Paper focuses on better aligning the IPSAS measurement requirements with those established in the Conceptual Framework. This project sets out to:
- Issue amended IPSAS with revised requirements for measurement at initial recognition, subsequent measurement, and measurement-related disclosure;
- Provide more detailed guidance on the implementation of historical cost, replacement cost, fulfillment cost, and fair value, and the circumstances under which these measurement bases will be used; and
- Address transaction costs and borrowing costs.