IPSASB proposal on disclosure of assistance
29 Nov 2006
The International Public Sector Accounting Standards Board IPSASB) has published Exposure Draft 32 on Financial Reporting Under the Cash Basis of Accounting – Disclosure Requirements for Recipients of External Assistance.
ED 32 proposes that the financial statements of governments that receive external assistance disclose the total amount of external assistance received, used, and available during the reporting period. ED 32 also encourages a range of additional disclosures that will further enhance the usefulness of the financial statements in the assessment of the financial position of recipients and of their use of external assistance. ED 32 was developed following consideration of responses that the IPSASB received to a previous exposure draft, ED 24, a document with the same title which was issued in February 2005. ED 32 proposes amendments to address constituents' concerns regarding the previous exposure draft. Comments due by 31 March 2007. Click for Press Release (PDF 83k). Click for Exposure Draft 32 (PDF 309k).
