Exposure Draft (ED) 77, Measurement
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) 77, Measurement.
ED 77 proposes new guidance in a single standard which addresses how commonly used measurement bases are applied in practice. The ED brings in generic guidance on fair value for the first time, and it proposes a public sector specific current value measurement basis to respond to stakeholder views that a new measurement basis is required as an alternative to fair value for assets held for their operational capacity.
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:
- ED 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements
- ED 78, Property, Plant, and Equipment
- ED 79, Non-Current Assets Held for Sale and Discontinued Operations
Supporting Resources have been developed to support constituents respond to this suite of EDs.
Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.
Submitted Comment Letters
1. Jean-Bernard Mattret (France)
August 17, 2021
2. Audit Office of New South Wales
September 30, 2021
3. Accrual Accounting Center, Saudi Arabia (Saudi Arabia)
September 30, 2021
4. Office of the Auditor-General (New Zealand)
October 5, 2021
5. Swiss Public Sector Financial Advisory Committee (Switzerland)
October 11, 2021
6. Accountancy Europe
October 13, 2021
7. CNoCP (France)
October 18, 2021
8. NZ Treasury (New Zealand)
October 21, 2021
9. Valuology
October 21, 2021
10. External Reporting Boad
October 22, 2021
11. CPA Australia and Chartered Accountants ANZ
October 23, 2021
12. Task Force IRSPM A&A SIG, CIGAR Network, EGPA PSG XII
October 23, 2021
13. IDW - Institut der Wirtschaftsprüfer e.V. (Germany)
October 24, 2021
14. Kalar Consulting Ltd (United Kingdom)
October 24, 2021
15. Australian Accounting Standards Board
October 24, 2021
16. The Malaysian Institute of Certified Public Accountants (MICPA) (Malaysia)
October 24, 2021
17. The Japanese Institute of Certified Public Accountants (Japan)
October 25, 2021
18. South African Accounting Standards Board (South Africa)
October 26, 2021
19. Public Sector Accounting Standards Board Kenya (Kenya)
October 27, 2021
20. Public Accountants and Auditors Board (Zimbabwe) (Zimbabwe)
October 28, 2021
21. CPA Uganda
October 29, 2021
22. Malaysian Institute of Accountants (MIA) (Malaysia)
October 29, 2021
23. FOCAL - Colombia
October 30, 2021
24. FOCAL - Ecuador
October 30, 2021
25. FOCAL - El Salvador
October 30, 2021
26. FOCAL - Guatemala
October 30, 2021
27. FOCAL - Panama
October 30, 2021
28. FOCAL - Peru
October 30, 2021
29. FOCAL - Dominican Republic
October 31, 2021
30. FOCAL - Uruguay
October 31, 2021
31. FOCAL - Mexico
November 1, 2021
32. Auditor General of Canada (Canada)
November 2, 2021
33. CIPFA (United Kingdom)
November 2, 2021
34. Chartered Accountancy Academy and Training and Advisory Services (Zimbabwe)
November 3, 2021
35. NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS - TANZANIA
November 3, 2021
36. The Institute of Chartered Accountants of Nigeria (Nigeria)
November 4, 2021
37. Conselho Federal de Contabilidade (Brazil)
November 5, 2021
38. Financial Reporting Council of Nigeria
November 5, 2021
39. Pontificia Universidad Javeriana (Colombia)
November 5, 2021
40. Ernst & Young GmbH
November 6, 2021
41. Institute of Certified Public Accountants of Kenya (ICPAK)
November 6, 2021
42. Institute of Chartered Accountants of India (India)
November 7, 2021
43. Public Sector Accounting Board of Canada (Canada)
November 7, 2021
44. Welch LLP
November 12, 2021
45. KPMG
November 15, 2021
Related Resources
- 2021 HANDBOOK OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING PRONOUNCEMENTS
- IPSASB STRATEGY AND WORK PLAN 2019-2023
- Supporting Resources: Measurement Suite of Exposure Drafts (ED 76, ED 77, ED 78 and ED 79)
- 2016 Handbook of International Public Sector Accounting Pronouncements
- IPSASB Call for Nominations 2024