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IPSASB completes set of guidance on accounting for government programmes

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

03 Feb 2020

The International Public Sector Accounting Standards Board (IPSASB) has issued 'Collective and Individual Services (Amendments to IPSAS 19)'. The guidance addresses a wide range of significant government expenditures.

In January 2019, the IPSASB issued IPSAS 42 Social Benefits providing guidance on accounting for social benefits expenditure. Together with the new standard, the IPSASB published an exposure draft of guidance complementing IPSAS 42 by providing requirements for accounting for collective services (such as defense at national-levels and street lighting at sub-national levels) and individual services (such as healthcare and education), which has now been finalised. Collective and Individual Services requires that an expense is recognised at the point of service delivery and is effective for periods beginning on or after 1 January 2022.

Please click for the following additional information on the IPSASB website:

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.