| What’s new at the IPSASB? |
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The IPSASB met on the 21st to the 25th of March 2022 in New York. The IPSASB discussed several topics. One of the key matters discussed by the IPSASB was its work programme for the next few years. The discussions and decisions were based on the responses received to the IPSASB’s mid-period work programme consultation.
There are three projects that the IPSASB agreed to add to its work programme. The next steps for these projects would be the development of project briefs to define the scope and expected timing. The projects are as follows: - Presentation of financial statements.
- Differential reporting.
- Reporting sustainability information.
The project on reporting sustainability information will likely build on existing principles in the Recommended Practice Guidelines already issued by the IPSASB. The IPSASB will issue a Consultation Paper on advancing sustainability reporting in the public sector. The Consultation Paper will accompany the Consultation Paper on Natural Resources which was approved by the Board at this meeting. Once the relevant documents have been issued by the IPSASB for comment, we will consult with stakeholders locally about the proposals.
The IPSASB’s deliberations of the week are available on YouTube and can be accessed by following this link. |
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