Exposure Draft 56, The Applicability of IPSASs

Jul 30, 2015 | Exposure Drafts and Consultation Papers
41 Pages

Comments due by: Nov 30, 2015

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 56, The Applicability of IPSASs.

The proposed changes contained in this Exposure Draft address constituents’ concerns about the application of International Public Sector Accounting Standard (IPSAS) to public sector entities. Currently, each IPSAS includes a statement that it does not apply to Government Business Enterprises (GBEs), which are expected to be commercially-oriented public sector entities. 

Publication of ED 56 follows the IPSASB’s consideration of responses to a Consultation Paper, The Applicability of IPSASs to Government Business Enterprises and Other Public Sector Entities.

The At a Glance summary document provides an overview of the Exposure Draft. 


Copyright © 2021 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. Swedish National Audit Office  (Sweden)
October 19, 2015

2. External Reporting Board  (New Zealand)
October 19, 2015

3. International Consortium on Governmental Financial Management, Inc.
October 26, 2015

4. Treasury Board of Canada Secretariat  (Canada)
November 5, 2015

5. DGFiP  (France)
November 18, 2015

6. CPA Australia  (Australia)
November 18, 2015

7. Swiss Public Sector Financial Reporting Advisory Committee  (Switzerland)
November 19, 2015

8. Public Sector Accounting  (Canada)
November 24, 2015

9. HoTARAC  (Australia)
November 24, 2015

10. National Board of Accountants and Auditors  (Tanzania, United Republic of)
November 30, 2015

11. The Institute of Chartered Accountants of India  (India)
November 30, 2015

12. The Japanese Institute of Certified Public Accountants  (Japan)
November 30, 2015

13. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW)  (Germany)
November 30, 2015

14. The Malaysian Institute of Certified Public Accountants (MICPA)  (Malaysia)
November 30, 2015

15. KPMG Services (Proprietory) Limited  (South Africa)
November 30, 2015

16. Accounting Standards Board (South Africa)  (South Africa)
November 30, 2015

17. The Swedish National Financial Management Authority  (Sweden)
November 30, 2015

18. PwC
November 30, 2015

19. Institute of Chartered Accountants of Nigeria  (Nigeria)
November 30, 2015

20. Institute of Certified Public Accountants of Kenya  (Kenya)
November 30, 2015

21. Australian Accounting Standards Board (AASB)
December 1, 2015

22. Denise Silva Ferreira Juvenal  (Brazil)
December 6, 2015

23. Ernst & Young Global Limited
December 9, 2015

24. Conseil de normalisation des comptes publics (CNOCP)  (France)
December 15, 2015

25. Federation of European Accountants (FEE)
December 21, 2015

26. CIPFA  (United Kingdom)
January 4, 2016


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