Book Publish Date
22-Nov-2020
The most important changes of the 2019 version are as follows: -
New Standards
The IPSASB approved the following Standards which are included in this Handbook:
• IPSAS 41, Financial Instruments
• IPSAS 42, Social Benefits
• Improvements to IPSAS, 2018
• Amendments to IPSAS 36, Investments in Associates and Joint Ventures, and IPSAS 41, Financial Instruments
Amendments
A number of IPSAS were amended as a result of the IPSASB’s Improvement to IPSAS. These amendments involves making necessary changes to IPSAS.
• IPSAS 10, Financial Reporting in Hyperinflationary Economies;
• IPSAS 22, Disclosure of Financial Information about the General Government Sector;
• IPSAS 24, Presentation of Budget Information in Financial Statements;
• IPSAS 16, Investment Property;
• IPSAS 17, Property, Plant, and Equipment;
• IPSAS 31, Intangible Assets;
• IPSAS 33, First-time Adoption of Accrual Basis International Public Sector Accounting Standards (IPSASs); and
• IPSAS 34, Separate Financial Statements.