Inaugural forum for public sector standard-setters
12 May, 2016
On 15-16 March 2016, the US Governmental Accounting Standards Board (GASB) and the International Public Sector Accounting Standards Board (IPSASB) jointly hosted an inaugural event that assembled key public sector standard-setters from around the world to build a dialogue, exchange ideas, and discuss critical issues in standard-setting.
The forum provided attendees with the opportunity to discuss current IPSASB projects with the board’s members and staff:
- Social benefits;
- Revenues;
- Non-exchange expenses;
- Heritage assets;
- Infrastructure assets;
- Public sector measurement; and
- Leases.
Additionally, issues outside of the IPSASB work plan were also discussed:
- “IPSAS lite” (IPSAS for small and medium-sized entities);
- Tax expenditures;
- Natural resources accounting;
- Consolidation;
- Financial performance measures;
- Service performance reporting; and
- Implementation issues.
Based on the success of the inaugural event, the IPSASB is planning a second forum. This is to be held in Zurich, Switzerland July 3-4, 2017.
Please click for the press release on the event including a short video on the IPSAB website.
