Update on IFAC Public Sector Committee's work
14 Dec 2001
We have posted the latest IFAC Public Sector Committee Update Newsletter (PDF 72k).
The PSC is engaged in a programme of developing International Public Sector Accounting Standards (IPSAS) based, as appropriate, on IAS. An interssting recent development is that PSC is proposing to change the definition of segment from that used in IAS 14 because "segments constructed for internal reporting purposes would not always be appropriate for external reporting purposes and entities should not be able to avoid reporting information about segments in their external reports simply because they do not report internally on a segment basis". Click for More Information about the PSC.