Exposure Drafts and Consultation Papers
Published: Jan 28, 2016
Comments due by:
Jun 30, 2016
Exposure Draft 60, Public Sector Combinations
The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft 60, Public Sector Combinations.
This Exposure Draft classifies public sector combinations as either amalgamations or acquisitions, using a rebuttable presumption approach that takes into account control and other factors. The ED proposes the use of the “modified pooling of interests” method of accounting for amalgamations, while the “acquisition” method of accounting (which involves measuring assets and liabilities at fair value) is proposed for acquisitions.
An At a Glance summary document provides an overview of the Exposure Draft.Proposed International Public Sector Accounting Standard (IPSAS™) Public Sector Combinations (PDF | 1.2 MB)IPSASB Exposure Draft 60, Public Sector Combinations (PDF | 84K)
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