IPSASB issues annual improvements
01 Dec 2010
The International Public Sector Accounting Standards Board (IPSASB) has completed its improvements project for 2010 with the release of Improvements to IPSASs – 2010. .
The International Public Sector Accounting Standards Board (IPSASB) has completed its improvements project for 2010 with the release of Improvements to IPSASs – 2010.
The 2010 improvements amend existing International Public Sector Accounting Standards (IPSASs). The amendments consist of two parts:
- Part 1 - amendments that are drawn from the IASB document, Improvements to IFRSs issued in April 2009
- Part 2 - amendments that relate to inconsistent references to standards, terminology and structure resulting from IPSASB's general review of existing IPSASs.
The amendments generally apply to periods beginning on or after 1 January 2012 and may be early adopted. Click for IFAC press release (link to IFAC website).