The ASB concurrently issues the IPSASB’s Exposure Draft, Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement

The International Public Sector Accounting Standards Board (IPSASB) assessed the applicability of current operational value across IPSAS and proposed amendments to various IPSAS in Exposure Draft (ED) 90, Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement. The high-level proposals in the ED have been outlined in our article on 12 August 2024. The Board locally exposed the ED as ED 210 to ensure that stakeholders are informed of, and can contribute to, the IPSASB’s measurement project. Comment from stakeholders will be considered for inclusion in the ASB’s comment letter to the IPSASB.

The Board begun its measurement project to assess whether alignment with IPSAS 46 is appropriate for the local environment. The final guidance from the IPSASB’s ED 90 will be considered as part of the ASB’s measurement project.

For more information on the ED and to provide your written comment, refer to the Invitation to Comment on the ASB website. The Secretariat will hold roundtable discussions to obtain your verbal comment on the ED. Look out for the “ASB Engage” post every alternate Friday to ensure that you have an invite to one of these discussions. The local comment deadline for ED 210 is 8 November 2024.

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.