IPSAS 33, First-time Adoption of Accrual Basis IPSASs
Jan 29, 2015 | Handbooks, Standards, and Pronouncements
All available Translations: Italian
In Progress Translations: Spanish
International Public Sector Accounting Standard (IPSAS) 33 grants transitional exemptions to entities adopting accrual basis IPSASs for the first time, providing a major tool to help entities along their journey to implement IPSASs. It allows first-time adopters three years to recognize specified assets and liabilities. This provision allows sufficient time to develop reliable models for recognizing and measuring assets and liabilities during the transition period.
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