Any individual or organization may submit technical or application issues for consideration by the IPSASB Application Group (IAG). A brief summary of the question or issue can be submitted for analysis by the IPSASB staff in accordance with the IAG’s Operating Procedures.
The proposal should include the following:
- The matter: A description of the transaction or fact pattern including all relevant facts and circumstances, including information on the relationship between the parties involved and any unusual background information regarding the specific transaction or event. If relevant, an explanation regarding the economic reasons for undertaking the transaction will also be helpful.
- The question(s) proposed for the IAG’s consideration.
- Current practice: A brief description of current or emerging accounting practices, outlining the alternatives, and referring to the applicable requirements in IPSAS Standards.
- Reasons for the IAG to address the matter, including an evaluation of the following criteria:
- Is the issue related to a public sector-specific matter?
- Is the issue widespread and expected to have a material effect?
- Is it likely a change to existing Standards or guidance is needed? That is, the issue is currently not adequately addressed by existing IPSAS Standards or not sufficiently clear, resulting in diversity in practice.
- Can the issue be resolved efficiently by the IAG and is it sufficiently narrow in scope?
Please submit all materials in English.
Submissions to the IPSASB Application Group are for consideration and analysis only; the IPSASB may not provide direct responses or authoritative interpretations. However, staff may contact submitters to inform them if their issue will be discussed further or to request additional information or clarifications.