The latest from the IPSASB

The IPSASB met from 10 to 13 June 2025 in a summery Toronto.

The key takeaways from the meeting are:

1. 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 IPSAS 31 Intangible Assets. 
2. IPSAS 33 First-Time Adoption of Accrual Basis IPSAS
   In addition to the changes proposed in the ED, the Standard will allow for gradual recognition of certain non-financial assets and related liabilities. 

Recordings of the meeting are available on the IPSASB’s YouTube Channel. Read more news from the IPSASB on their website here.