IPSASB proposes to delay effective dates
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.