Four new public sector standards and two EDs based on IAS

  • IPSAS (International Public Sector Accounting Standards) (old) Image

19 Jul 2001

IFAC's Public Sector Committee (PSC) has released four new International Public Sector Accounting Standards (revenue, inventories, hyperinflation, and construction contracts) and two new exposure drafts (related party disclosures and provisions).

PSC is developing a comprehensive body of international accounting standards for governments and other public sector entities based on International Accounting Standards. PSC Media Release (PDF 43k).

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