Exposure Draft 57, Impairment of Revalued Assets

Oct 14, 2015 | Exposure Drafts and Consultation Papers
17 Pages

Comments due by: Jan 15, 2016

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 57, Impairment of Revalued Assets.

ED 57 proposes to bring property, plant and equipment, and intangible assets on the revaluation model within the scope of the IPSASB’s two standards on impairment―IPSAS 21, Impairment of Non-Cash-Generating Assets, and IPSAS 26, Impairment of Cash-Generating Assets. These changes seek to provide users with relevant information on impairments to these assets. They also clarify that an impairment to one or more individual assets within a class of property, plant, and equipment does not necessitate a revaluation of the entire class to which that impaired asset belongs.



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Submitted Comment Letters

1. The Institute Of Chartered Accountants [Ghana]  (Ghana)
December 18, 2015

2. Conseil de normalisation des comptes publics (CNOCP)  (France)
December 18, 2015

3. New Zealand Accounting Standards Board  (New Zealand)
December 19, 2015

4. KPMG Services Proprietary Limited  (South Africa)
December 21, 2015

5. Swiss Public Sector Financial Reporting Advisory Committee  (Switzerland)
January 4, 2016

6. Public Sector Accounting  (Canada)
January 7, 2016

7. HoTARAC  (Australia)
January 8, 2016

8. The Institute of Chartered Accountants in England and Wales  (United Kingdom)
January 12, 2016

9. CPA Australia
January 13, 2016

10. Asociación Interamericana de Contabilidad (AIC)
January 14, 2016

11. ICGFM  (United States)
January 15, 2016

12. CIPFA  (United Kingdom)
January 18, 2016

13. Denise Silva Ferreira Juvenal  (Brazil)
January 20, 2016

14. Accounting Standards Board (South Africa)  (South Africa)
January 21, 2016

15. The Treasury  (New Zealand)
January 21, 2016


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