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IPSASB consultation documents on leases

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Feb 04, 2021

The International Public Sector Accounting Standards Board (IPSASB) released an exposure draft on leases and a request for information on concessionary leases and other arrangements similar to leases. The Public Sector Accounting Board (PSAB) encourages stakeholders to send comments to the IPSASB by May 17, 2021.

Exposure Draft 75 Leases proposes a model that is aligned with IFRS 16 Leases for lease accounting in the public sector. For lessees, ED 75 proposes a right-of-use model that will replace the risks and rewards incidental to ownership model in IPSAS 13 Leases. For lessors, ED 75 proposes to substantially carry forward the risks and rewards incidental to ownership model in IPSAS 13.

The request for information published alongside ED 75 will provide the IPSASB with further information on the issues that need to be considered in accounting for concessionary leases and other arrangements similar to leases that are quite common in the public sector.

Comments on both documents are requested by May 17, 2021.

Review additional information on the IPSASB's website:

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