Current Status of the Project
The IPSASB agreed that measuring intangible assets in the scope of IPSAS 31, Intangible Assets at current operational value, is consistent with the measurement guidance in the Conceptual Framework and IPSAS 46, Measurement. In Q1 2026, the IPSASB will consider further analysis to determine the practical application of current operational value to intangible assets.
Project Timeline
The project timeline is depicted below. Please note that these are current targeted milestones/phases and may change as the work in this area progresses.
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Project Overview
Objective
The objective of this phase of the measurement project is to evaluate the applicability of current operational value in IPSAS 31, Intangible Assets.
Why the IPSASB Undertook this Project
In March 2023, the IPSASB began a limited scope phase of the measurement project with the primary objective of evaluating the applicability of current operational value across existing IPSAS, in the context of the recently approved current operational value principles in IPSAS 46, Measurement, and the Updated Conceptual Framework: Chapter 7, Measurement of Assets and Liabilities in Financial Statements in May 2023.
The IPSASB decided to conduct further research on introducing current operational value in IPSAS 31, Intangible Assets, considering the mixed responses received on introducing current operational value in IPSAS 31 as proposed in Part 1 of ED 90, Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement.
Task Force Members
- Not Applicable
Contact
Published Documents and Support
Documents in this section include:
- Major documents published by the IPSASB during the lifecycle of the project including: Consultation Papers, Exposure Drafts, issued IPSAS, amendments to IPSAS, and other similar due process documents;
- Supporting material related to each published document including: snapshots, webinars, and other material; and
- The project-relevant IPSASB agenda papers.
Project Stages
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