Proposed revisions to IPSAS on foreign exchange rates

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

11 Sep 2007

IFAC's International Public Sector Accounting Standards Board (IPSASB) has published an exposure draft (ED) of revisions to the standard that addresses accounting for fluctuations in exchange rates.

ED 33, Amendments to IPSAS 4, The Effects of Changes in Foreign Exchange Rates, proposes to update IPSAS 4 to reflect the latest revisions to the corresponding IFRS issued by the IASB, particularly recent revisions to IAS 21 The Effects of Changes in Foreign Exchange Rates. Click for Press Release (PDF 30k). Comments on the ED are requested by 31 December 2007. The ED may be viewed by going to www.ifac.org/EDs.

 

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