Share your comment on a proposed IPSAS dealing with tangible natural resources

The ASB issued the proposed International Public Sector Accounting Standard (IPSAS) on Tangible Natural Resources locally as ED 212 – to solicit feedback from stakeholders as input into the International Public Sector Accounting Standards Board’s standard-setting process. Comment on ED 212 closes on 14 February 2025.

The proposed IPSAS poses a number of specific questions to stakeholders on, among others, the scope of the proposed IPSAS, the definition of natural resources, the depreciation of tangible natural resources and the proposal to exempt certain disclosure requirements. These areas will be considered in future articles.

The ASB invites stakeholders to submit written comment on ED 212 to info@asb.co.za or participate in scheduled consultations. Details of these consultations are shared on the “ASB Engage” post every alternate Friday.

Disclaimer

The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.