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Update on IFAC Public Sector Committee's work

14 Dec 2001

We have posted the latest IFAC Public Sector Committee Update Newsletter (PDF 72k).

The PSC is engaged in a programme of developing International Public Sector Accounting Standards (IPSAS) based, as appropriate, on IAS. An interssting recent development is that PSC is proposing to change the definition of segment from that used in IAS 14 because "segments constructed for internal reporting purposes would not always be appropriate for external reporting purposes and entities should not be able to avoid reporting information about segments in their external reports simply because they do not report internally on a segment basis". Click for More Information about the PSC.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.