INTERNATIONAL TECHNICAL ROUND UP – IPSASB DEVELOPS COMPREHENSIVE REFORM IN MEASURING PUBLIC SECTOR ASSETS
May 1st, 2021
The International Public Sector Accounting Standards Board (IPSASB) has unveiled comprehensive proposals to reform how government and other public sector bodies measure their assets and liabilities. The board is proposing generic guidance on fair value assessments for the first time. It is also helping public bodies value heritage and infrastructure assets. The IPSASB is proposing a standard for assessing for assets held for sale and regarding discontinued operations. The new system enables public bodies to avoid just focusing on assets delivering operational ...
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