News and Publications

Supporting Accountants in Business & Public Sector Through Uncertain Times

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Professional accountants in business and the public sector have important roles to play in leading their organizations through the current crisis and the challenging times ahead. This report includes highlights from the March 2020 meeting of the PAIB Committee, focusing on:  Value creation and integrated thinking  Latest recruitment trends, evolving accountancy roles, and implications on learning and development  Key areas of…
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COVID-19: Relevant IPSASB Accounting Guidance

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This Questions and Answers (Q&A) publication is issued by the staff of the International Public Sector Accounting Standards Board to provide insight into the financial reporting issues associated with COVID-19 government responses, and the relevant IPSAS and other guidance already available.
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International Standard on Related Services (ISRS) 4400 (Revised)

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ISRS 4400 (Revised), Agreed-Upon Procedures Engagements, has been revised to respond to the growing demand for these engagements, particularly in relation to the need for increased accountability around funding and grants. A broad range of stakeholders, such as regulators, funding bodies and creditors, use agreed-upon procedures reports for a variety of reasons. The revised requirements…
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Is Cash Still King? Maximising the Benefits of Accrual Information in the Public Sector

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The foundation of good decision making is having the right information, especially financial information. There is a global transition underway, where governments are moving from a cash to an accrual basis for their financial reporting. This report offers lessons learned from jurisdictions that have implemented accruals, with the intention that this global transition to accruals…
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Exposure Draft 70, Revenue with Performance Obligations

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The aim of Exposure Draft (ED) 70 is to develop a standard that provides recognition and measurement requirements for revenue transactions with performance obligations. This ED is part of a suite of three EDs that address how to account for revenue and transfer expenses, and should be read in conjunction with: ED 71, Revenue without Performance Obligations;…
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Exposure Draft 71, Revenue without Performance Obligations

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The aim of Exposure Draft (ED) 71 is to develop a standard that provides recognition and measurement requirements for revenue transactions that do not have performance obligations. This ED is intended to update IPSAS 23, Revenue from Non-Exchange Transactions (Taxes and Transfers). This ED is part of a suite of three EDs that address how to…
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2019 Handbook of International Public Sector Accounting Pronouncements

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This Handbook contains the complete International Public Sector Accounting Standards, published as of January 31, 2019. It also includes the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.
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IESBA Proposes Significant Revisions To the International Independence Standards Related to Non-Assurance Services

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The International Ethics Standards Board for Accountants® (IESBA®) has issued an Exposure Draft titled: Proposed Revisions to the Non-Assurance Services Provisions of the Code. The ED is aimed at strengthening the non-assurance services (NAS) related independence provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).  Among the key changes…
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Proposed Revisions to the Non-Assurance Services Provisions of the Code

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The proposed revisions to the non-assurance services provisions of the code include: A prohibition on providing NAS to an audit client that is a public interest entity (PIE) if a self-review threat to independence will be created; Further tightening of the circumstances in which materiality may be considered in determining the permissibility of a NAS;…
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