IPSASB proposes to adopt IAS 41 for the public sector
01 Apr 2009
IFAC's International Public Sector Accounting Standards Board (IPSASB) has published an exposure draft ED 36 Agriculture.
This ED is part of the IPSASB's global convergence program, scheduled for completion by 31 December 2009, to substantially converge International Public Sector Accounting Standards (IPSASs) with IFRSs approved at 31 December 2008. ED 36 proposes an IPSAS that converges with the IAS 41 Agriculture, with limited changes to ensure consistency with other IPSASs. These changes include an acknowledgement that, in some jurisdictions, biological assets may be sold or transferred for nominal amounts. You can download ED 36 from IFAC's Website. Comment deadline is 30 June 2009.
