IPSASB proposes narrow-scope amendments

The International Public Sector Accounting Standards Board (IPSASB) has issued the following exposure drafts:

• Exposure Draft (ED) 95 - Improvements to IPSAS Accounting Standards – Volume 10
• ED 96 - Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40)

ED 95 proposes minor updates to accrual-basis IPSAS Standards on financial instruments, foreign exchange and consolidated financial statements, along with editorial clarifications.

ED 96 proposes changes to the definition of an operation and to the recognition of certain liabilities in IPSAS 40 Public Sector Combinations, which provides guidance on acquiring or amalgamating public sector operations.
Both exposure drafts are open for comment until 30 June 2026.

The press release and exposure drafts may be accessed here.