The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 58, Improvements to IPSASs 2015.

This is the first IPSASB Improvements project to consider broader improvements rather than focusing solely on those to maintain convergence with International Financial Reporting Standards (IFRS). 

ED 58 proposes minor changes as follows:

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 57, Impairment of Revalued Assets.

International Standard on Auditing™ (ISA™) 810, Engagements to Report on Summary Financial Statements, deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in accordance with ISAs by that same auditor.

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 56, The Applicability of IPSASs.

The proposed changes contained in this Exposure Draft address constituents’ concerns about the application of International Public Sector Accounting Standard™ (IPSAS™) to public sector entities. Currently, each IPSAS includes a statement that it does not apply to Government Business Enterprises (GBEs), which are expected to be commercially-oriented public sector entities. 

The International Public Sector Accounting Standards Board (IPSASB) has released for comment a Consultation Paper, Recognition and Measurement of Social Benefits.

This Exposure Draft was reposted on 8/20/2015 to correct certain typographical errors*

The International Accounting Education Standards Board™ (IAESB™) has published its Consultation Paper, Guiding Principles for Implementing a Learning Outcomes Approach, and is seeking comments on the proposed guiding principles for implementing a learning outcomes approach.

All stakeholders—in particular, IFAC member bodies, education providers, educators, and those who have experience in implementing a learning outcomes approach—are encouraged to comment on the proposed guiding principles. 

The proposed standard sets out a new framework to guide auditors, other professional accountants in public practice, and professional accountants in business (PAIBs) in deciding how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations. 

This proposed IFAC Member Body Compliance Strategy, 2016-2018 is part of IFAC’s ongoing efforts to promote the adoption and support implementation of international standards in accounting, auditing, ethics, and education and the establishment of related quality assurance and investigation and discipline mechanisms. The proposed strategy incorporates fundamental upgrades to monitoring and reporting mechanisms.

Proposed ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and Proposed ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement,  New and Revised International Standards on Auditing
Exposure Draft