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IPSASB issues ED on employee benefits

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

27 Oct 2006

The International Public Sector Accounting Standards Board (IPSASB) has published an exposure draft (ED 31 Employee Benefits) that proposes requirements by which governments and other public sector entities should account for employee benefits.

ED 31 is based on IAS 19 Employee Benefits.

IPSASB ED 31 addresses the four categories of employee benefits dealt with in IAS 19:

  • Short-term employee benefits;
  • Post-employment benefits;
  • Other long-term employee benefits; and
  • Termination benefits.

In addition, it deals with some issues of specific relevance to the public sector, including:

  • Determining the risk-free discount rate to be applied for discounting obligations arising from post-employment benefits;
  • The treatment of post-employment benefits provided through composite social security programs; and
  • Mechanisms for the orderly implementation of the proposed standard in the public sector.
Comment deadline on ED 31 is 28 February 2007. Click to download:

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