• IPSASB consults on new projects for its work program

IPSASB consults on new projects for its work program

06 August 2021

The International Public Sector Accounting Standards Board (IPSASB) has released its Mid-Period Work Program Consultation (the Consultation) as some of its existing projects in its Strategy and Work Plan 2019-2023 are being completed.

In view of the resources likely to become available, the Consultation proposes adding two major projects:

  • Presentation of Financial Statements; and 
  • Differential Reporting.

The Consultation also proposes to add up to four smaller scope projects:

  • IPSAS 21, Impairment of Non-Cash-Generating Assets; 
  • IPSAS 31, Intangible Assets; 
  • IPSAS 33, First-Time Adoption of Accrual Basis IPSASs; and 
  • Making Materiality Judgements.

Comments on the Consultation are requested by 30 November 2021.

The Consultation may be accessed here.