International Public Sector Accounting Standards Board (IPSASB)

In 2025 and beyond: We're advancing more accountability, transparency, and sustainability in public sector reporting. With our IPSAS and IPSASB SRS Standards and other guidance, governments and other public sector entities can make better decisions with their resources and address pressing challenges like climate change. We're equipping the public sector to lead with integrity.

Next week, we're meeting in Washington, D.C. (March 18–21) to advance projects that will help governments and public sector entities make informed decisions, manage resources effectively, and tackle pressing challenges.   Some highlights: 🔹 Presenting outreach related to our draft of our inaugural IPSASB SRS Standard, Climate-Related Disclosures, a historic step toward sustainability reporting in the public sector 🔹 Strengthening linkages between IPSAS Standards and GFSM to enhance alignment in government reporting 🔹 Advancing guidance on materiality judgments to support better financial disclosures 🔹 Reviewing responses to the Measurement project for consistency in public sector financial statements Meeting recordings will be made public so you can follow our work as we shape the future of public sector financial and sustainability reporting.

Papers have been posted for our meeting March 18-21 in Washington D.C., where we'll discuss the latest from our projects including Sustainability Reporting, the Presentation of Financial Statements, and more. 📃 https://lnkd.in/gunA-5Ew 📺Watch the recordings on YouTube: https://lnkd.in/edxQs9EV

Based on your feedback to our exposure draft, we're developing amendments to IPSAS 33 that will help ease first-time adoption of our accrual-based IPSAS Standards. A government that uses IPSAS is better equipped to make sound financial decisions with transparency, and we want to make the journey to implementation as easy as we can. Hear what to look out for from Sayja Barton on this project in 2025.

Yesterday, Implementation Leaders from around the world came together as part of the IPSASB Sustainability Implementation Forum to put the IPSASB SRS ED 1 to the test, ensuring it is practical, effective, and fit for purpose. This diverse, international group is helping the IPSASB shape a public sector sustainability standard that will equip governments and public sector entities to navigate climate risks and opportunities with transparency and accountability. Their insights will be critical in refining the proposed Standard. We need your input too. Share your comments on our closing consultation and help shape the future of climate-related disclosures in the public sector: https://lnkd.in/eDqKzdzb

Friday is the final day to submit your comments to our drafts on Climate-related Disclosures and Tangible Natural Resources. Build a sustainable future with us 🌱 Significant resources and substantial investments are needed to address climate and transition to a low-carbon future. Public sector finances alone will not provide the resources needed to address this challenge. Capital markets play a vital role in public sector financing and will be needed to help fill the funding gap—but investors need reliable information to do so. To maintain access to and unlock new funding sources, governments will need to provide robust climate-related information. IPSASB SRS ED 1, Climate-related Disclosures proposes disclosure requirements for governments and public sector entities to report on (i) the climate-related risks and opportunities to its own operations and (ii) climate-related public policy programs and their outcomes. Share your comments on IPSASB SRS ED 1, Climate-related Disclosures: https://lnkd.in/eDqKzdzb Shape the future of public sector natural resources reporting 🫎 Natural resources—such as minerals, water, and forests—play a crucial role in economies worldwide. However, governments often lack clear guidance on how to account for these resources, impacting transparency and decision-making. Exposure Draft (ED) 92, Tangible Natural Resources proposes new accounting requirements to improve how public sector entities recognize, measure, and disclose these vital resources. Clear, high-quality reporting will enhance accountability and support sustainable management for future generations. Share your feedback on ED 92: https://lnkd.in/eNG6a327

Many governments struggle with valuing assets effectively, particularly infrastructure, heritage, and service-driven assets. ED 90, Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement introduces current operational value, which ensures assets are valued in a way that reflects their use in delivering public services, rather than relying on outdated cost models or private sector fair value measures. Now that ED 90 is closed, what's next for the application phase of the measurement project? Hear from Agustina Llambi, CPA, CA.

We just wrapped our regional roundtable in Kampala, Uganda. Thanks to PAN AFRICAN FEDERATION OF ACCOUNTANTS, African Union, and ICPAU (Institute of Certified Public Accountants of Uganda) for hosting us, bringing together perspectives from across the continent, and sharing valuable feedback to our open consultations on natural resources and climate-related disclosures. 🎦: Dave Warren

Join us in building a sustainable future 🌱 This is the final week to respond to the IPSASB SRS ED 1, Climate-related Disclosures. Your feedback is essential to shaping the future of public sector sustainability reporting standards. Regardless of your perspective, we want to hear from you. Renée Pichard, FCPA, FCA | Yacouba TRAORE | Kamira Sánchez Nicosia | Liang Yang

Fewer than 10 days remain to share your comments on two landmark consultations: 🌱 IPSASB SRS ED 1, Climate-related Disclosures, which will become the first sustainability reporting standard for the public sector. 🫎 ED 92, Tangible Natural Resources proposes guidance on the recognition, measurement, display and disclosure of tangible natural resources, a public sector first. Learn more and share your feedback: https://lnkd.in/ecVgnpj2