IPSASB proposes to delay effective dates

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15 Jul, 2020

The IPSASB has published Exposure Draft 73 'Covid-19: Deferral of Effective Dates' proposing to delay the effective dates of recently published standards and amendments by one year to 1 January 2023. The ED is a response to the global COVID-19 pandemic and intended to provide stakeholders with additional implementation time.

The standards and amendments affected include: 

  • IPSAS 41 Financial Instruments;
  • IPSAS 42 Social Benefits;
  • Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36) and Prepayment Features with Negative Compensation (Amendments to IPSAS 41);
  • Collective and Individual Services (Amendments to IPSAS 19); and
  • Improvement to IPSAS, 2019

The exposure draft can be accessed on the IPSASB website. Comments are requested by 15 August 2020.

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