IPSASB issues Exposure Draft 81, Proposed Update to Conceptual Framework

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  • PSAS - IPSASB Image

Feb 22, 2022

The International Public Sector Accounting Standards Board (IPSASB) issued Exposure Draft 81, "Proposed Update to Conceptual Framework". PSAB encourages stakeholders to send comments directly to the IPSASB by May 31, 2022. If you would like PSAB to consider your feedback in its response, comments are requested by May 16, 2022.

ED 81 updates Chapter 3, Qualitative Characteristics, and Chapter 5, Elements of Financial Statements, of the Conceptual Framework, in light of:

  • the IPSASB’s experience in applying the Conceptual Framework to the development and maintenance of International Public Sector Accounting Standards (IPSAS); and
  • developments in international thinking about conceptual issues since the Framework was approved in 2014.

PSAB encourages stakeholders to review the ED and send comments to the IPSASB by May 31, 2022.

Review the press release and exposure draft.

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