IPSASB Extends Comment Period on Exposure Drafts Addressing Revenue & Transfer Expenses
Apr 22, 2020 | English
The International Public Sector Accounting Standards Board (IPSASB) today announced that it is extending the comment period for Exposure Drafts (EDs) 70-72 to November 1, 2020. The extension responds to the additional challenges facing stakeholders as a result of the COVID-19 pandemic, and will provide them with additional time to undertake outreach and prepare their responses.
These three EDs, released in February this year, pioneer new approaches for some of the most prevalent public sector transactions, including government transfers and grants for the delivery of key government services to citizens.
Stakeholders can learn more about the Exposure Drafts, and submit their comments, by visiting the below links:
- Exposure Draft 70: Revenue with Performance Obligations
- Exposure Draft 71: Revenue without Performance Obligations
- Exposure Draft 72: Transfer Expenses
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About the Public Interest Committee
The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.