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 1, 2022 | Exposure Drafts and Consultation Papers
English
Comments due by:

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.
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