IPSASB publishes updated conceptual framework chapter
11 Oct, 2023
The International Public Sector Accounting Standards Board (IPSASB) has published an updated chapter of its Conceptual Framework, Chapter 3 'Qualitative Characteristics'.
This completes the limited scope project to improve the Conceptual Framework for Financial Reporting by Public Sector Entities, which also included updating the chapters on elements in financial statements and on the measurement of assets and liabilities. The updated chapters have been informed by the IPSASB’s experience using the conceptual framework since its approval in 2014, and by global developments, notably the International Accounting Standards Board’s publication of a revised conceptual framework in 2018.
Please see the press release on the IPSASB website for additional information.
