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Improvements to IPSASs 2014

  • PSAS - IPSASB Image

Jan 22, 2015

On January 22, 2015, the International Public Sector Accounting Standards Board issued its Improvements to IPSASs 2014 which sets out amendments to IPSASs based on the International Accounting Standards Board's annual improvements and narrow scope amendments projects.

The IPSASB has finalized "Improvements to IPSASs 2014". The changes incorporate relevant amendments made by the International Accounting Standards Board in the 2009-2011 and 2010-2012 cycles of annual improvements, and the changes made by "Clarification of Acceptable Methods of Depreciation and Amortization (Amendments to IAS 16 and IAS 38)".

The document includes improvements to four standards:

  1. IPSAS 1, Presentation of Financial Statements,
  2. IPSAS 17, Property, Plant, and Equipment,
  3. IPSAS 28, Financial Instruments: Presentation, and
  4. IPSAS 31, Intangible Assets.

Read the amended standards (free registration required).

Correction list for hyphenation

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