IPSASB publishes proposed "Improvements to IPSAS, 2018"

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Apr 16, 2018

On April 16, 2018, the International Public Sector Accounting Standards Board (IPSASB) published an exposure draft "Improvements to IPSAS, 2018", which sets out proposed amendments to International Public Sector Accounting Standards (IPSAS) to address issues raised by stakeholders and to converge with amendments to IFRS® Standards. Comments are requested by July 15, 2018.

The proposed IFRS convergence amendments reflect the following International Accounting Standards Board amendments:

  • Annual Improvements to IFRSs 2011 – 2013 Cycle (issued December 2013)
  • Disclosure Initiative (Amendments to IAS 7) (issued January 2016)
  • Transfers of Investment Property (Amendments to IAS 40) (issued December 2016)
  • Annual Improvements to IFRSs 2014 – 2016 Cycle (issued December 2016)
  • IFRIC 22 Foreign Currency Transactions and Advance Consideration (issued December 2016)
  • Annual Improvements to IFRS Standards 2015 – 2017 Cycle (issued December 2017)
  • Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) (issued February 2018)

Review the press release and the exposure draft Improvements to IPSAS, 2018 on the IPSASB's website.

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