Improvements to IPSAS Accounting Standards – Volume 10

At its September 2026 meeting, the IPSASB approved Improvement to IPSAS Accounting Standards – Volume 10, which includes amendments to several IPSAS Standards. These include updates to the financial instruments Standards on supplier finance arrangements, the classification and measurement of financial instruments, and contracts referencing nature-dependent electricity, as well as amendments to IPSAS 4, The Effects of Changes in Foreign Exchange Rates, on exchangeability.

The IPSASB also approved Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40), which strengthens IPSAS 40, Public Sector Combinations, by clarifying when acquired assets and activities constitute an operation, introducing an optional simplified test to support that assessment, and providing greater clarity on the recognition of liabilities and obligations assumed in public sector combinations.

Due Process Checklist - Improvements to IPSAS Accounting Standards – Volume 10

Due Process Checklist - Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40)

Project Overview

Objective

This project addresses general improvements and International Financial Reporting Standards® (IFRS®) alignment improvements to IPSAS Accounting Standards. General improvements consist of proposals for minor amendments to IPSAS Standards identified by stakeholders. IFRS alignment improvements consist of proposals for minor amendments to IPSAS Standards sourced from recent IFRS improvements and narrow scope amendment projects.

Contact

Published Documents and Support

Documents in this section include:

  1. Major documents published by the IPSASB during the lifecycle of the project including: Consultation Papers, Exposure Drafts, issued IPSAS Standards, amendments to IPSAS Standards, and other similar due process documents; 
  2. Supporting material related to each published document including: snapshots, webinars, and other material; and 
  3. The project-relevant IPSASB agenda papers.