Exposure Draft (ED) 77, Measurement
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.
Submitted Comment Letters
-
Jean-Bernard Mattret (135.84 KB)(France)
-
Audit Office of New South Wales (221.14 KB)()
-
Accrual Accounting Center, Saudi Arabia (208.19 KB)(Saudi Arabia)
-
Office of the Auditor-General (336.5 KB)(New Zealand)
-
Swiss Public Sector Financial Advisory Committee (263.89 KB)(Switzerland)
-
Accountancy Europe (150.55 KB)()
-
CNoCP (254.01 KB)(France)
-
Valuology (357.35 KB)()
-
NZ Treasury (12.62 MB)(New Zealand)
-
External Reporting Boad (642.88 KB)()
-
CPA Australia and Chartered Accountants ANZ (127.07 KB)()
-
Task Force IRSPM A&A SIG, CIGAR Network, EGPA PSG XII (342.12 KB)()
-
IDW - Institut der Wirtschaftsprüfer e.V. (248.47 KB)(Germany)
-
Kalar Consulting Ltd (604.06 KB)(United Kingdom)
-
Australian Accounting Standards Board (423.1 KB)()
-
The Malaysian Institute of Certified Public Accountants (MICPA) (541.95 KB)(Malaysia)
-
The Japanese Institute of Certified Public Accountants (166.53 KB)(Japan)
-
South African Accounting Standards Board (224.59 KB)(South Africa)
-
Public Sector Accounting Standards Board Kenya (125.82 KB)(Kenya)
-
Public Accountants and Auditors Board (Zimbabwe) (218.4 KB)(Zimbabwe)
-
Malaysian Institute of Accountants (MIA) (158.82 KB)(Malaysia)
-
CPA Uganda (381.8 KB)()
-
FOCAL - Colombia (1.67 MB)()
-
FOCAL - Ecuador (1.67 MB)()
-
FOCAL - El Salvador (1.67 MB)()
-
FOCAL - Guatemala (1.67 MB)()
-
FOCAL - Peru (1.67 MB)()
-
FOCAL - Panama (1.67 MB)()
-
FOCAL - Dominican Republic (1.67 MB)()
-
FOCAL - Uruguay (1.67 MB)()
-
FOCAL - Mexico (1.67 MB)()
-
Auditor General of Canada (601.59 KB)(Canada)
-
CIPFA (242.38 KB)(United Kingdom)
-
Chartered Accountancy Academy and Training and Advisory Services (196.08 KB)(Zimbabwe)
-
NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS - TANZANIA (477.78 KB)()
-
The Institute of Chartered Accountants of Nigeria (381.32 KB)(Nigeria)
-
Conselho Federal de Contabilidade (398.47 KB)(Brazil)
-
Pontificia Universidad Javeriana (169.36 KB)(Colombia)
-
Financial Reporting Council of Nigeria (230.58 KB)()
-
Institute of Certified Public Accountants of Kenya (ICPAK) (330.41 KB)()
-
Ernst & Young GmbH (165.01 KB)()
-
Institute of Chartered Accountants of India (457.12 KB)(India)
-
Public Sector Accounting Board of Canada (239.22 KB)(Canada)
-
Welch LLP (304.3 KB)()
-
KPMG (161.99 KB)()