11 revised public sector accounting standards
24 Jan 2007
The International Public Sector Accounting Standards Board (IPSASB) has issued revised standards to increase the clarity and usability of International Public Sector Accounting Standards (IPSASs).
The 11 revised accrual basis IPSASs, which will be effective for periods beginning on or after 1 January 2008, are:
- IPSAS 1 Presentation of Financial Statements
- IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
- IPSAS 4 The Effects of Changes in Foreign Exchange Rates
- IPSAS 6 Consolidated and Separate Financial Statements
- IPSAS 7 Investments in Associates
- IPSAS 8 Interests in Joint Ventures
- IPSAS 12 Inventories
- IPSAS 13 Leases
- IPSAS 14 Events After the Reporting Date
- IPSAS 16 Investment Property
- IPSAS 17 Property, Plant and Equipment