The IPSASB published the agenda and meeting papers for the December 2025 meeting. There are three pronouncements that the IPSASB plans to approve:
- 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 will seek comment on the usefulness of guidance to preparers and statisticians on how IPSAS information could be used for statistical reporting purposes.
The IPSASB will continue discussions on the following ongoing projects:
- Presentation of financial statements – to progress the Consultation Paper, considerations at the meeting will focus on 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 will consider issues to be included in the ED on Improvements to IPSAS, 2026.
The meeting will be streamed live on the IPSASB’s YouTube channel or can be watched on the channel afterwards.
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.