IPSASB delays effective dates
09 Nov, 2020
The IPSASB has published 'Covid-19: Deferral of Effective Dates' delaying the effective dates of recently published standards and amendments by one year to 1 January 2023. The amendment 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 amendment can be accessed on the IPSASB website.