Improvements to IPSAS Accounting Standards – Volume 10

The IPSASB approved amendments to the financial instruments IPSAS Accounting Standards, including guidance on supplier finance arrangements, the classification and measurement of financial instruments, contracts referencing nature-dependent electricity, and other editorial changes in March 2025.

In June 2025, the IPSASB approved editorial clarifications in IPSAS 2, Cash Flow Statements, and IPSAS 35, Consolidated Financial Statements. The IPSASB also decided that the potential amendments to IPSAS 40, Public Sector Combinations, will be analyzed further at a future IPSASB meeting and potentially issued as a separate narrow scope amendment.

Improvements to IPSAS Accounting Standards, Volume 10, which will include the improvements approved throughout 2025, is expected to be approved in March 2026.

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.