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

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

Feb 01, 2022 | Exposure Drafts and Consultation Papers

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

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


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