Exposure Draft (ED) 81, Proposed Update to Conceptual Framework

Conceptual Framework Update: Chapter 3, Qualitative Characteristics and Chapter 5, Elements in Financial Statements

IPSASB
Feb 01, 2022 | Exposure Drafts and Consultation Papers
English

Comments due by: May 31, 2022

The objective of ED 81 is to update Chapter 3, Qualitative Characteristics, and Chapter 5, Elements of Financial Statements, of the Conceptual Framework, in light of:

  • The IPSASB’s experience in applying the Conceptual Framework to the development and maintenance of International Public Sector Accounting Standards (IPSAS); and
  • Developments in international thinking about conceptual issues since the Framework was approved in 2014.

The proposals will reinforce the role of the Conceptual Framework as the cornerstone of IPSASB’s core standard-setting activity to develop high-quality financial reporting standards.

 

Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. CNoCP  (France)
April 21, 2022

2. The Office of the Auditor General of the Union,Myanmar
May 3, 2022

3. The Institute of Chartered Accountants of Zimbabwe  (Zimbabwe)
May 17, 2022

4. The Insittute of Chartered Accountants of India Sourthern India Regional Council  (India)
May 17, 2022

5. Task Force IRSPM PSAAG, CIGAR Network, EGPA PSG XII
May 18, 2022

6. Cash to Accrual Center - Ministry of Finance, Saudi Arabia  (Saudi Arabia)
May 18, 2022

7. Swiss Public Sector Financial Reporting Advisory Committee  (Switzerland)
May 24, 2022

8. Botswana Institute of Chartered Accountants  (Botswana)
May 25, 2022

9. Institute of Chartered Accountants of Jamaica  (Jamaica)
May 27, 2022

10. External Reporting Board (XRB)  (New Zealand)
May 27, 2022

11. Foro de Contadurías Gubernamentales de América Latina  (Panama)
May 30, 2022

12. Foro de Contadurías Gubernamentales de América Latina  (Colombia)
May 30, 2022

13. Accounting Standards Board  (South Africa)
May 30, 2022

14. IDW - Institut der Wirtschaftsprüfer e.V.  (Germany)
May 30, 2022

15. Public Accountants and Auditors Board (Zimbabwe)
May 31, 2022

16. Office of the Auditor General of Canada  (Canada)
May 31, 2022

17. The Japanese Institute of Certified Public Accountants  (Japan)
May 31, 2022

18. Kalar Consulting Ltd
May 31, 2022

19. Public Sector Accounting Board of Canada  (Canada)
May 31, 2022

20. Botswana Accountancy Oversight Authority  (Botswana)
May 31, 2022

21. Colin Semotiuk  (Canada)
May 31, 2022

22. Malaysian Institute of Accountants (MIA)  (Malaysia)
May 31, 2022

23. Chartered Accountancy Academy and Training and Advisory Services  (Zimbabwe)
May 31, 2022

24. Financial Reporting Council of Nigeria (FRC)
June 1, 2022

25. EY
June 1, 2022

26. Institute of Chartered Accountants of India  (India)
June 2, 2022

27. Public Sector Accounting Standards Board Kenya  (Kenya)
June 2, 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