News
The International Public Sector Accounting Standards Board Issues IPSAS-IFRS Alignment Dashboard
12-Jul-2021
NEW YORK - This report refers to the formal processes the International Public Sector Accounting Standards Board® (IPSASB®) follows to assess the applicability of the International Financial Reporting Standards - IFRS and/or GFS requirements when developing pronouncements that faithfully represent the economic substance of transactions in the public sector. Through these processes, the IPSASB aims to reduce unnecessary differences with these sources of guidance when they can also be applied in the public sector context.
The report includes:
(1) Table 1 - IPSAS/ RPG and Equivalent IFRS/ PS-Summary
(2) Table 2- IFRS/ PS with no Equivalent IPSAS/ RPG
(3) Table 3- IPSAS and Equivalent IFRS - Detail
(4) Table 4- RPG and Equivalent PS-Detail
(5) Table 5- Summary of IASB Work Plan as of February 22, 2021.
To review the full report, please click here
Source: www.ifac.org