Inaugural forum for public sector standard-setters

  • PSAS - IPSASB Image
  • PSAS - Meeting Image

May 11, 2016

On May 11, 2016, a summary of an inaugural event that assembled key public sector standard-setters from around the world to build a dialogue, exchange ideas, and discuss critical issues in standard-setting was released. The conference was jointly hosted on March 15-16, 2016 by the US Governmental Accounting Standards Board (GASB) and the International Public Sector Accounting Standards Board (IPSASB).

The forum provided attendees with the opportunity to discuss current IPSASB projects with the board’s members and staff:

  • Social benefits;
  • Revenues;
  • Non-exchange expenses;
  • Heritage assets;
  • Infrastructure assets;
  • Public sector measurement; and
  • Leases.

Additionally, issues outside of the IPSASB work plan were also discussed:

  • “IPSAS lite” (IPSAS for small and medium-sized entities);
  • Tax expenditures;
  • Natural resources accounting;
  • Consolidation;
  • Financial performance measures;
  • Service performance reporting; and
  • Implementation issues.

Based on the success of the inaugural event, the IPSASB is planning a second forum to be held in Zurich, Switzerland July 3-4, 2017.

Please click for the press release on the event including a short video on the IPSAB's Web site.

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