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IPSASB Adds Four Projects to Its 2022 Work Program

May 11, 2022 | New York, New York | English

The International Public Sector Accounting Standards Board® (IPSASB®) has released its Mid-Period Work Program Consultation Summary. The Consultation Summary confirms the projects added to the IPSASB’s work program, and explains the process followed to obtain stakeholder feedback on the Board’s original proposals, as well as the reasons for the IPSASB’s decisions.

“In determining which projects to add to its 2022 work program, the IPSASB has had to balance delivery of its current financial reporting work program with the strong support for the projects proposed in the 2021 Mid-Period Work Program Consultation, and the demands from stakeholders for sustainability reporting guidance,” said IPSASB Chair Ian Carruthers. “The Board’s decision to add four projects to its 2022 work program reflects the balancing act needed to address the diverse needs of the IPSASB’s many stakeholders.”

The four projects added to the IPSASB’s work program where work will be undertaken during 2022 are:

(a)        Presentation of Financial Statements;

(b)        Differential Reporting;

(c)        Reporting Sustainability Program Information (Limited-scope project); and

(d)        Global Consultation on Advancing Public Sector Sustainability Reporting.

The IPSASB originally proposed to add another four limited-scope projects. These all received strong stakeholder support, so the projects below have been added as pre-commitments for the IPSASB’s future Work Program, with work to start as resources become available from 2023 onwards:

(a)        IPSAS 21, Impairment of Non-Cash Generating Assets;

(b)        IPSAS 31, Intangible Assets;

(c)        IPSAS 33, First Time Adoption of Accrual Basis IPSASs; and

(d)        Practice Statement: Making Materiality Judgements.

About the IPSASB
The International Public Sector Accounting Standards Board (IPSASB) works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards® (IPSAS®) and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS and the benefits of accrual adoption. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, and the governments of Canada and New Zealand. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please go to permissions or contact

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.