Limited Scope Update of Conceptual Framework
The project objective is to update the Conceptual Framework for a limited number of issues based on the criteria of urgency, consequences, feasibility and prevalence with a particular emphasis on the first three of these criteria.
Current Status of the Project
The IPSASB agreed to the grouping of topics proposed for the next stage of the project. The topics are those in the original project brief not addressed in the first stage of the project, except for concepts of capital and capital maintenance, which, because of their complexity, should be taken forward separately on a longer timeframe. The IPSASB also agreed to add the description of service potential in the context of an asset to the list of topics.
- March 2020
- June 23, 2020 - Conceptual Framework—Limited Scope Update
- June 23, 2020 - ED 74 & ED 75, Measurement — Coordination of Cross Cutting Issues
- September 2020 - ED 76 and ED 77, Conceptual Framework–Limited Scope Update and Measurement
- December 2020 - ED 76, Conceptual Framework-Limited Scope Update