Leases

Objective

The objective is to issue a new IPSAS on Leases which will be converged with IFRS 16, Leases, to the extent appropriate. The intermediate objective is to produce an Exposure Draft of proposed new IPSAS on Leases.

Current Status of the Project

The IPSASB approved IPSAS 43, Leases with an effective date of January 1, 2025. IPSAS 43 supersedes IPSAS 13, Leases and introduces the right-of-use model for lessees, aligning with IFRS 16, Leases. IPSAS 43 is expected to be published in January 2022. The IPSASB will continue consideration of public sector specific leasing issues, such as concessionary leases, in its Other Lease-Type Arrangements project.

Project Contact

Task Force

Project Stages

Project Proposal Consultation Paper / Exposure Draft 2016-2017 Exposure Draft Feedback 2018-2019 Exposure Draft 2020 Exposure Draft Feedback 2021 Approved 2021 Completed 2022
Issued Document

IPSAS 43, Leases

 

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