International Public Sector Accounting Standards Board (IPSASB)

BIG NEWS: The World Bank has agreed to support the development of our Climate-Related Disclosures Standard. This standard will be our inaugural Sustainability Reporting Standard (IPSASB SRS™) and will enable governments and other public sector entities to make more informed decisions about their contributions towards addressing the climate emergency, hold them accountable for their interventions, and foster trust in their efforts. Equipping governments with the quality standards necessary to report on their critical contributions to addressing the climate emergency together with other sustainability issues requires global engagement. Thank you to the World Bank for your support. 🌱 Our first draft of the Climate-Related Disclosures Standard is on track to release in September. https://lnkd.in/eJvQeNNJ #sustainabilityreporting #publicsector #IPSASB

We came together with IFAC, Accountancy Europe, the European Commission, and global experts to discuss how to foster transparency, ensure better accountability, and provide the data needed for the public sector to play its role in ensuring more sustainable public finances and a more sustainable planet. 🌱 Read the takeaways and watch clips from the event ahead of the launch of the draft of our first Sustainability Reporting Standard (IPSASB SRS) this week: https://lnkd.in/eCr98pUY

The global search for the next visionary Chair of our Board is underway. Learn more and apply ⬇️

Out now: We've issued a draft for your feedback on Tangible Natural Resources, all naturally occurring items with physical substance which embody service potential or the capability to generate future economic benefits. Many governments lack information on the extent and value of tangible natural resources. ED 92 proposes recognition, measurement, presentation and disclosure guidance to address this gap. Submit your comments by February 28, 2024.

We just finished our MENA roundtable in Dubai to gather feedback on our forthcoming Climate-Related Disclosures and Natural Resources drafts. Thank you to Emirates Association For Accountants & Auditors for hosting us and for everyone's thoughtful comments today which will help shape the final pronouncements. Look for the public consultations in the next weeks. Hear more from Director Dave Warren.

📢 Out Today: Our new guidance addresses public sector issues specific to concessionary leases (i.e. leases at below-market terms) and other arrangements conveying rights over assets that are not leases but are prevalent in the public sector. Thanks to everyone who gave us feedback to inform this pronouncement and our entire Leases project so public sector entities now have a complete set of guidance to address their broad-ranging needs. https://lnkd.in/eQznp-FJ

Building upon the success of our past few years and in response to stakeholder feedback, our new strategy rebalances our work program towards sustainability reporting and the maintenance of our suite of IPSAS. Learn more from Senior Manager Agustina Llambi, CPA, CA. https://lnkd.in/e2rm6W_a

📆 Last week, the IPSASB attended the Asian Development Bank (ADB) Regional Public Sector Accounting Forum, hosted by Helen Hall.   🤝 We engaged with stakeholders on a variety of subjects, and obtained feedback on ED 92, Natural Resources, and IPSASB SRS ED 1, Climate-related Disclosures. The discussions were engaging and informative for IPSASB representatives, and the 19 ADB member countries in attendance. Nor Yati Ahmad, Sung-Jin Park, and Rasmimi Ramli provided excellent support during the roundtable discussions.   Be sure to follow our page to read the EDs once they are published later this month! 🔜

📢 The deadline to submit your abstracts to our call for papers has been extended to October 11. Six grants up to $2,000 USD are available. Learn more and submit: https://lnkd.in/ekQrk3CC

Today was the conclusion of the IPSASB Roundtable in Asia. Thank you from the International Public Sector Accounting Standards Board (IPSASB) to Asian Development Bank (ADB), Helen Hall and her team (Zhengzheng Gu and J.P. Verzosa) for the opportunity to discuss and obtain feedback on ED 92, Natural Resources and ED IPSASB SRS 1, Climate Related Disclosures. It was great to share the #IPSASB work with the region along side Ross Smith (IPSASB Program and Technical Director), Nor Yati Ahmad (IPSASB member), Sung-Jin Park (upcoming IPSASB member) and Rasmimi Ramli (Technical Advisor).