This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IPSASB proposes revisions to the cash basis IPSAS

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image

04 Feb 2016

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft ED 61 'Amendments to Financial Reporting under the Cash Basis of Accounting'.

The IPSASB's cash basis standard Financial Reporting Under the Cash Basis of Accounting (unnumbered, January 2003) establishes requirements for the preparation and presentation of a statement of cash receipts and payments and supporting accounting policy notes. It also includes encouraged disclosures that enhance the cash basis report. The primary role of the standard in the IPSASB’s overall standard-setting strategy is to work as a stepping stone to adoption of accrual IPSAS.

ED 61 proposes to revise certain requirements and to recast them as encouragements. The ED also proposes amendments to ensure that the existing requirements and encouragements of the standard are better aligned with the equivalent accrual IPSAS, unless there is a reason to deviate as a result of adopting the cash basis of accounting.

Please click to access the press release and ED 61 on the IPSASB website. Comments are requested by 31 July 2016.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.