The IPSASB approved three pronouncements at their last meeting of the year:
- The final IPSAS on Tangible Natural Resources Held for Conservation – this IPSAS will be the first to provide clear guidance on accounting for tangible natural resources held for conservation.
- The final IPSASB Sustainability Reporting Standard (SRS) on Climate Related Disclosures – this Standard will be the first IPSASB SRS and is not only groundbreaking but fulfils the IPSASB’s promise to its stakeholders to provide guidance in this area.
- Exposure Draft (ED) on Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22) – the ED seeks comment on the usefulness of guidance to preparers and statisticians on how IPSAS-based information could be used for statistical reporting purposes.
The IPSASB continued discussions on the following ongoing projects:
- Presentation of financial statements – to progress the Consultation Paper, the meeting considered the information to be included in the notes to the financial statements, including the structure, accounting policies, estimation uncertainty, etc.
- Improvements to IPSAS – the IPSASB considered issues to be included in the ED on Improvements to IPSAS, 2026
The Consultation Paper on Presentation of Financial Statements and the ED on Improvements to IPSAS, 2026 are expected to be approved at the March 2026 meeting.
Recordings of the meeting are available on the IPSASB’s YouTube channel.
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.