Measurement – Application of Current Operational Value - IPSAS 31

The IPSASB approved the Final Pronouncement, Application of Current Operational Value to Intangible Assets (Amendments to IPSAS 31 and IPSAS 46) at its September 2026 meeting. The Final Pronouncement introduces current operational value into IPSAS 31, Intangible Assets, as a current value measurement basis for intangible assets. The IPSASB set an effective date of January 1, 2029.

Due Process Checklist

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. 

Contact

• Dinith Saram

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, amendments to IPSAS, 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.