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

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

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