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IPSASB Exposure Draft – Social Benefits

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Oct 31, 2017

On October 31, 2017, the International Public Sector Accounting Standards Board (IPSASB) issued Exposure Draft 63, "Social Benefits", which defines social benefits and proposes requirements for recognition, measurement and disclosure of social benefit schemes. Canadian stakeholders are encouraged to provide their comments to IPSASB by March 31, 2018.

These proposals aim to improve consistency, transparency, and reporting by public sector entities of social benefit schemes, which account for a large portion of government expenditure in most jurisdictions.

Review the press release and Exposure Draft on the IPSASB's website.

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