IPSASB issues annual improvements

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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).

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