IPSASB takes first step in establishing a comprehensive measurement framework for the public sector

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06 May, 2019

The International Public Sector Accounting Standards Board (IPSASB) has released a consultation paper 'Measurement' that addresses how measurement bases are determined in the public sector.

In an effort to better communicate with its constituents, the IPSASB is testing a new consultation approach. Therefore, the consultation document contains two separate sections:

  • A concepts-based discussion in the consultation paper which
    • lays out proposed guidance for measurement bases for the assets and liabilities most commonly used by public sector entities when applying IPSAS;
    • proposes the development of a single standard which will provide definitions and guidance on the main measurement bases, while other IPSAS will continue to provide guidance on which particular measurement basis is to be used;and
    • identifies areas where the IPSASB has reached preliminary views; and
  • An illustrative exposure draft, which illustrates what a draft IPSAS could look like, given the IPSASB’s preliminary views.

Comments on the consultation paper are requested by 30 September 2019.

Please click for the following information on the IPSASB website:


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