Skip to main content

COVID-19: Deferral of Effective Dates

| Handbooks, Standards, and Pronouncements

The IPSASB has published the final pronouncement, COVID-19: Deferral of Effective Dates, which delays the effective dates of recently published Standards and Amendments to IPSAS by one year to January 1, 2023. Responding to the global COVID-19 pandemic and the challenges it has created, the purpose of this pronouncement is to provide stakeholders with additional implementation time.

The Standards and Amendments which are impacted include:

  • IPSAS 41, Financial Instruments;
  • IPSAS 42, Social Benefits;
  • Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36) and Prepayment Features with Negative Compensation (Amendments to IPSAS 41);
  • Collective and Individual Services (Amendments to IPSAS 19); and
  • Improvements to IPSAS, 2019.
Copyright © 2024 The International Federation of Accountants (IFAC). All rights reserved.