The IPSASB made key decisions at its June 2025 meeting on its guidance on tangible natural resources. These decisions were based on feedback received on the Exposure Draft published for comment.   Location of the guidance The guidance will be issued as a separate, standalone IPSAS. Scope of the IPSAS The proposed that the

The International Public Sector Accounting Standards Board (IPSASB) convened to advance its projects, including the development of a new International Public Sector Accounting Standard (IPSAS) to replace IPSAS 1, Presentation of Financial Statements. The project is currently in the Consultation Paper (CP) development phase, with the aim of improving transparency and comparability in financial reporting.

The IPSASB met from 10 to 13 June 2025 in a summery Toronto. The key takeaways from the meeting are: Amendments to IPSAS Standards as a Result of the Application of IPSAS 46 Measurement Staff will continue to analyse responses to the ED to assess the appropriateness of the application of current operational value to