IPSASB proposes strategy and work plan for 2019-2023
Feb 02, 2018
On February 2, 2018, the International Public Sector Accounting Standards Board (IPSASB) proposed a new strategy and work plan for 2019 through 2023. Comments are requested by June 15, 2018.
The strategic objective of the IPSASB is stated as strengthening public financial management through increasing adoption of the International Public Sector Accounting Standards (IPSAS). The IPSASB intends to deliver this objective through developing IPSAS and other high-quality financial reporting guidance for the public sector and raising awareness of IPSAS and the benefits of accrual adoption.
To develop standards on critical areas in public sector accounting, the IPSASB proposes to take on three new major public sector specific projects:
- accounting for natural resources,
- discount rates, and
- differential reporting.
The IPSASB will also continue to strive to maintain convergence with International Financial Reporting Standards (IFRSs).
Review the proposed strategy and work plan and supporting material on the IPSASB's website.
