International Public Sector Accounting Standards Board (IPSASB)

🌱 We’re breaking new ground today with the launch of the draft of our first sustainability reporting standard for the public sector: Climate-related Disclosures. Climate change affects everyone, transcending borders and economic boundaries. Rapid progress on climate change requires public sector action, and effective action requires the quality information only sustainability reporting standards specific to the sector’s needs can provide. We’re developing Climate-related Disclosures to meet that need. To all of our public sector stakeholders, including preparers of public sector climate-related and other sustainability reports, regional and national sustainability reporting standard setters, professional accountants, sustainability assurance providers, and interested members of the public including indigenous peoples: we need your feedback. ✅Your comments will help shape the final standard which will assist governments and other public sector organizations around the world in being accountable for their actions to address climate change. Learn more: https://lnkd.in/eSehPiKG

Congratulations to former IPSASB Chair and inaugural Chair of our Academic Advisory Group Andreas Bergmann for this well-deserved recognition of his outstanding contributions to public sector accounting👏

Why does the public sector need sustainability reporting standards? Rapid progress to mitigate climate change cannot be made without public sector action. Our draft climate-related disclosures standard will help governments make better decisions to address climate change that are transparent to the public, and it will help them exercise their sovereign powers to set policy. 🟢 Now that the draft standard is out, join us at our launch event November 13 to learn more about the proposals outlined in the draft, the importance of public sector leadership in climate reporting, and how the standard aligns with global sustainability efforts: https://lnkd.in/etPueaAa

Now that our draft of Climate-related Disclosures is out, you can join us at our online event November 13 to learn more about the proposals outlined in the draft standard, the importance of public sector leadership in climate reporting, and how the standard aligns with global sustainability efforts. Speakers: - Ian Carruthers, Chair, IPSASB - Celine Chan, CPA, CA, Principal, IPSASB - Arturo Herrera, Global Director for Governance in the Prosperity vertical, The World Bank Group, Governance - Sue Lloyd, Vice-Chair of the International Sustainability Standards Board (ISSB) - Lee White, Chief Executive Officer, IFAC - Owen Mapley, Chief Executive Officer, CIPFA Register: https://lnkd.in/etPueaAa

Today the International Public Sector Accounting Standards Board (IPSASB) issued their draft climate-related standard for the public sector. Sue Lloyd, ISSB Vice-Chair commented on the announcement, read her quote below 👇 Read the full announcement: https://lnkd.in/eSehPiKG #ISSBstandards

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