Collected feedback on IPSASB governance consultation
07 May, 2014
In January, the Review Group for the governance and oversight arrangements of the International Public Sector Accounting Standards Board (IPSASB) issued a public consultation paper on the future governance and oversight of the IPSASB and IPSASs.
Comments on the consultation paper were due by 30 April 2014. The Organization for Economic Cooperation and Development (OECD) has published to its website a document with all of the feedback statements received. The Review Group will meet later in spring of 2014 to discuss the feedback received and will finalise the recommendations by the end of 2014.
For more information, see our earlier stories:
- January 2014: Announcing the issuance of the consultation paper
- April 2014:
- IPSASB comment letter advocating for separate oversight for its operations under the auspices of the IFAC
- IFRS Foundation comment letter supporting a single monitoring and oversight board, while keeping the IPSASB under the auspices of the IFAC
- Deloitte comment letter advocating for the addition of the IPSASB under the IFRS Foundation's governance framework
- FEE comment letter urging a more "innovative" approach
- AASB comment letter calling for a focus on sector-neutral accounting in public sector governance review