Exposure Draft (ED) 77, Measurement

Apr 22, 2021 | Exposure Drafts and Consultation Papers

Comments due by: Oct 25, 2021

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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:

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


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