Exposure Draft 62, Financial Instruments

Aug 24, 2017 | Exposure Drafts and Consultation Papers, Videos

Comments due by: Dec 31, 2017

The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 62, Financial Instruments.

This Exposure Draft proposes new simplified classification and measurement requirements for financial assets, a forward looking impairment model and a flexible principle-based hedge accounting model.

The IPSASB applied its Process for Reviewing and Modifying IASB Documents, to align ED 62 with IFRS 9, Financial Instruments and includes appropriate public sector specific modifications. This approach builds on public and private sector best-practice while addressing unique public sector features. ED 62 includes public sector specific guidance on financial guarantees issued through non-exchange transactions and concessionary loans and examples illustrating how to apply the principles in ED 62 to transactions that are unique to the public sector.


Copyright © 2020 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. CIPFA  (United Kingdom)
November 21, 2017

2. KPMG Services Proprietory Limited (Johannesburg)  (South Africa)
December 13, 2017

December 18, 2017

4. Accounting Standards Board (South Africa)  (South Africa)
December 19, 2017

5. European Commission
December 20, 2017

6. Heads of Treasuries Accounting and Reporting Advisory Committee
December 20, 2017

7. Audit New Zealand  (New Zealand)
December 20, 2017

December 21, 2017

9. Institute of Chartered Accountants of Nigeria
December 24, 2017

December 24, 2017

11. The Japanese Institute of Certified Public Accountants  (Japan)
December 28, 2017

12. Korea Institute of Public Finance  (Korea, Republic of)
December 29, 2017

13. International Consortium on Government Financial Management (ICGFM)
December 30, 2017

14. Association of National Accountants of Nigeria - ANAN  (Nigeria)
December 30, 2017

15. Asociación Interamericana de Contabilidad -AIC
December 30, 2017

16. Kalar Consulting Ltd
January 6, 2018

17. Province of British Columbia  (Canada)
January 15, 2018

18. Conseil de normalisation des comptes publics  (France)
January 22, 2018

19. Malaysian Institute of Accountants
January 30, 2018

20. DGFiP  (France)
February 5, 2018

21. Queensland Audi Office (QAO)  (Australia)
February 6, 2018

22. Swiss Public Sector Financial Reporting Advisory Committee  (Switzerland)
February 7, 2018


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