Stakeholder Comments on IPSAS Exposure Draft 94 Sought by June 22, 2026
The International Public Sector Accounting Standards Board® (IPSASB®), developer of IPSAS® Accounting Standards, has issued a proposal for public comment: IPSAS Exposure Draft (ED) 94, Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22).
Governments use IPSAS Accounting Standards to prepare financial statements, and they use the Government Finance Statistics Manual 2014 (GFSM 2014) to compile statistical reports. The proposed guidance in IPSAS ED 94 will benefit entities that are either in the process of implementing or are already applying IPSAS Standards by providing a tool to plan the integration between accounting and statistical systems to enable the usage of IPSAS Standards-based accounting data as a source for GFSM 2014 reporting.
“The guidance we are proposing will help governments leverage the independently audited accounting data that is already available in their systems for statistical compilation, enhancing the overall data quality and the efficiency of their statistical reporting process,” said IPSASB Chair Thomas Müller-Marqués Berger. “Utilizing the accounting data to support better decisions and fiscal management by governments benefits everyone.”
The final pronouncement will amend IPSAS 22, Disclosure of Financial Information About the General Government Sector, which prescribes disclosure requirements for governments that elect to present information about the General Government Sector in their consolidated financial statements.
The IPSASB welcomes public comments on IPSAS ED 94. Comments received will help shape the final pronouncement.
How to Access
Access IPSAS ED 94, Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22), its summary At-a-Glance document, or submit a comment. Comments on the ED are requested by June 22, 2026. The IPSASB encourages IFAC members, associates, and Network Partners to promote the availability of this ED to their members and employees.
About the IPSASB
The International Public Sector Accounting Standards Board (IPSASB®) works to improve public sector financial reporting worldwide through the development of IPSAS® Accounting Standards, IPSASB SRS™ Standards, and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS Standards and IPSASB SRS Standards and promotes the adoption and implementation of these to enhance the quality and consistency of practice throughout the world and strengthen the transparency and accountability of public sector finances and sustainable development. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, the government of Canada, and The World Bank. 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 permissions@ifac.org.
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.