Consultation Paper, Measurement

IPSASB
Apr 30, 2019 | Exposure Drafts and Consultation Papers
English

Comments due by: Oct 14, 2019

This Consultation Paper is the IPSASB’s first step in establishing a comprehensive measurement framework for the public sector. The Consultation Paper focuses on better aligning the IPSAS measurement requirements with those established in the Conceptual Framework. This project sets out to:

Issue amended IPSAS with revised requirements for measurement at initial recognition, subsequent measurement, and measurement-related disclosure;
Provide more detailed guidance on the implementation of historical cost, replacement cost, fulfillment cost, and fair value, and the circumstances under which these measurement bases will be used; and
Address transaction costs and borrowing costs.

In an effort to better communicate with its constituents the IPSASB is testing a new consultation approach. This approach provides both:

A concepts-based discussion, in the Consultation Paper, which identifies areas where the IPSASB has reached preliminary views; and
An Illustrative Exposure Draft, which illustrates what a draft IPSAS could look like, given the IPSASB’s preliminary views.

Please note that comment letters are now due by October 14, 2019.

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Submitted Comment Letters

1. Halimeh Rahmani (Iran (Islamic Republic of))
May 14, 2019

2. International Consortium on Government Financial Management (ICGFM)
September 11, 2019

3. Accountancy Europe
September 13, 2019

4. New Zealand Accounting Standards Board
September 18, 2019

5. John Milne (New Zealand)
September 25, 2019

6. Valuology
September 26, 2019

7. South African Accounting Standards Board
September 26, 2019

8. Ministry of Finance, Province of British Columbia (Canada)
October 4, 2019

9. Swiss Public Sector Financial Reporting Advisory Committee (Switzerland)
October 8, 2019

10. GAFSC (Korea, Republic of)
October 9, 2019

11. Treasury Board Secretariat Canada
October 10, 2019

12. CIPFA (United Kingdom)
October 10, 2019

13. The Japanese Institute of Certified Public Accountants (Japan)
October 10, 2019

14. ICAEW (United Kingdom)
October 11, 2019

15. Chartered Accountants Australia and New Zealand & CPA Australia
October 13, 2019

16. EY
October 14, 2019

17. Public Sector Accounting Standards Board- Kenya (Kenya)
October 14, 2019

18. NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS - TANZANIA (Tanzania, United Republic of)
October 14, 2019

19. European Commission
October 14, 2019

20. Conselho Federal de Contabilidade (CFC) (Brazil)
October 14, 2019

21. The Pan African Federation of Accountants (PAFA)
October 14, 2019

22. ACCA
October 14, 2019

23. Liquid Pacific (Australia)
October 14, 2019

24. David Hardidge (Australia)
October 16, 2019

25. Conseil de normalisation des comptes publics (France)
October 21, 2019

26. WSP Opus (New Zealand)
October 28, 2019

27. APV (Australia)
October 31, 2019

28. HoTARAC (Australia)
October 31, 2019

29. Malaysian Institute of Accountants (MIA) (Malaysia)
October 31, 2019

30. Public Sector Accounting Board (Canada)
October 31, 2019

31. Task force IRSPM A&A SIG, CIGAR Network, EGPA PSG XII
October 31, 2019

32. Institute of Chartered Accountants of Zimbabwe
November 1, 2019

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