IPSASB announces strategy for 2015 forward
Sep 18, 2015
On September 18, 2015, the International Public Sector Accounting Standards Board (IPSASB) released its final strategy and work programme for 2015-2018. Among the projects to be taken up is also a revenue recognition project that will consider the extent to which the principles in IFRS 15 are appropriate for transactions in the public sector.
In April 2014, the IPSASB released a consultation document on its long term strategy and work plan.
In addition, the IPSASB approved eight projects to be added to the work plan starting in 2015 and 2016:
- Public Sector Measurement;
- Heritage Assets;
- Infrastructure Assets;
- Revenue;
- Non-Exchange Expenses;
- Limited scope review of the Cash Basis IPSAS
- Limited scope review of IPSAS 25, Employee Benefits; and
- Consequential amendments arising from Chapters 1-4 of the IPSASB Conceptual Framework.
Review the final strategy document Leading through Change on the IPSASB's Web Site.
