IPSASB reaffirms its IFRS convergence strategy

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

28 May 2009

At its 18-21 May 2009 in Washington DC, the International Public Sector Accounting Standards Board (IPSASB) reaffirmed its commitment to its global IFRS convergence program and the development of standards dealing with financial instruments.

The IPSASB confirmed that it will continue its full consultation on three financial instruments exposure drafts issued on 23 April 2009 rather than defer the process to wait for completion of current IASB financial instruments projects. The three IPSASB exposure drafts (which may be downloaded at www.ifac.org/EDs) are:
  • ED 37 Financial Instruments: Presentation
  • ED 38 Financial Instruments: Recognition and Measurement
  • ED 39 Financial Instruments: Disclosures
The IPSASB will consider any changes ultimately adopted by the IASB in due course. Comments on EDs 37-39 are due by 31 July 2009. Click for IPSASB Press Release (PDF 33k).

 

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