Proposed public sector convergence with IAS 39

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

24 Apr 2009

The International Public Sector Accounting Standards Board (IPSASB) has invited comment on three exposure drafts of proposed International Public Sector Accounting Standards (IPSASs):

  • ED 37 Financial Instruments: Presentation,
  • ED 38 Financial Instruments: Recognition and Measurement, and
  • ED 39 Financial Instruments: Disclosures.
Additional application guidance has been included in each ED on two key public sector issues:
  • Provision by government of financial guarantees that are given at zero cost or below market price, and
  • Concessionary loans (loans at below market interest rates).
Comments are requested by 31 July 2009. The EDs may be viewed by going to www.ifac.org/EDs. Click for Press Release (PDF 19k).

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