IPSASB finalises guidance on non-current assets held for sale

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05 May, 2022

The International Public Sector Accounting Standards Board (IPSASB) has released International Public Sector Accounting Standard (IPSAS) 44 'Non-current Assets Held for Sale and Discontinued Operations'.

IPSAS 44 Non-current Assets Held for Sale and Discontinued Operations is based on IFRS 5 Non-current Assets Held for Sale and Discontinued Operations and specifies the accounting for assets held for sale and the presentation and disclosure of discontinued operations. The new standard includes additional public sector requirements, in particular, the disclosure of the fair value of assets held for sale that are measured at their carrying amounts, when the carrying amount is materially lower than their fair value.

IPSAS 44 has an effective date of 1 January 2025 with earlier application permitted.

The following additional information is available on the IPSASB website:

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