Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements

IPSASB
Apr 22, 2021 | Exposure Drafts and Consultation Papers
English

Comments due by: Oct 25, 2021

The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements.

ED 76 proposes a measurement hierarchy to steer the IPSASB in developing standard-level measurement guidance and to help stakeholders apply the principles in practice.

The ED streamlines the measurement guidance in the Conceptual Framework by eliminating measurement bases that have not been used in the development of standards, inserts new or revised measurement bases, and focuses on those bases that are commonly used. It therefore aligns measurement concepts with the guidance in IPSAS. 

This ED is part of a suite of four EDs that address how to measure assets and liabilities in the public sector, and should be read in conjunction with:

Supporting Resources have been developed to support constituents respond to this suite of EDs.

 

Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. Accrual Accounting Center, Saudi Arabia  (Saudi Arabia)
September 30, 2021

2. Australasian Council of Auditors-General
September 30, 2021

3. ALLENS, ALOZIE & CO (CHARTERED ACCOUNTANTS)
October 11, 2021

4. Swiss Public Sector Financial Advisory Committee  (Switzerland)
October 11, 2021

5. CNoCP  (France)
October 18, 2021

6. The New Zealand Treasury
October 20, 2021

7. XRB
October 21, 2021

8. Valuology
October 21, 2021

9. CPA Australia and Chartered Accountants ANZ
October 22, 2021

10. Task Force IRSPM A&A SIG, CIGAR Network, EGPA PSG XII
October 22, 2021

11. IDW - Institut der Wirtschaftsprüfer e.V.  (Germany)
October 22, 2021

12. Kalar Consulting
October 23, 2021

13. Australian Accounting Standards Board
October 24, 2021

14. The Malaysian Institute of Certified Public Accountants (MICPA)  (Malaysia)
October 24, 2021

15. Public Sector Accounting Standards Board Kenya  (Kenya)
October 25, 2021

16. The Japanese Institute of Certified Public Accountants  (Japan)
October 25, 2021

17. South African Accounting Standards Board  (South Africa)
October 25, 2021

18. Public Accountants and Auditors Board (Zimbabwe)  (Zimbabwe)
October 25, 2021

19. CPA Uganda
October 26, 2021

20. Malaysian Institute of Accountants (MIA)  (Malaysia)
October 26, 2021

21. Focal - Colombia
October 27, 2021

22. Focal - Ecuador
October 27, 2021

23. Focal - El Salvador
October 27, 2021

24. Focal - Guatemala
October 27, 2021

25. Focal - Panama
October 27, 2021

26. Focal - Peru
October 27, 2021

27. Focal - Dominican Republic
October 28, 2021

28. Focal - Uruguay
October 28, 2021

29. FOCAL - Mexico
October 29, 2021

30. FOCAL- Chile
October 29, 2021

31. Office of the Auditor General of Canada  (Canada)
October 29, 2021

32. CIPFA
October 30, 2021

33. Chartered Accountancy Academy and Training and Advisory Services  (Zimbabwe)
October 31, 2021

34. The Institute of Chartered Accountants of Nigeria  (Nigeria)
October 31, 2021

35. Conselho Federal de Contabilidade  (Brazil)
November 1, 2021

36. Financial Reporting Council of Nigeria
November 1, 2021

37. Pontificia Universidad Javeriana  (Colombia)
November 1, 2021

38. Institute of Certified Public Accountants of Kenya
November 2, 2021

39. Ernst & Young GmbH
November 3, 2021

40. Institute of Chartered Accountants of India  (India)
November 3, 2021

41. Public Sector Accounting Board of Canada  (Canada)
November 3, 2021

42. Welch LLP
November 12, 2021

43. KPMG
November 15, 2021

44. Accountancy Europe
March 28, 2022

 

Related Resources

 
 

Get the latest updates delivered to your inbox

Subscribe now

 
 

Translations & Permissions

Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.

IP permissions and policies

 

Primary tabs

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.

Agree