Public Sector Combinations
Consultation Paper

IPSASB Publishes Public Sector Combinations Consultation Paper for Comment. The objective of this Consultation Paper (CP) is to initiate discussion on the possible accounting treatment for public sector combinations (PSCs) in the general purpose financial statements (GPFSs) of an entity that uses accrual-based IPSASs. It considers matters such as the timing of recognition, and the initial measurement basis or approach that could be adopted for the wide range of combinations that may occur in the public sector.

Submitted Comment Letters

1. Financial Management Standards Board - Association of Governmnet Accountants (United States)
September 27, 2012

2. Cour des comptes (France)
October 22, 2012

3. CNOCP (France)
October 29, 2012

4. Charity Commission (United Kingdom)
October 29, 2012

5. Abu Dhabi Accountability Authority (United Arab Emirates)
October 30, 2012

6. Australian Accounting Standards Board (Australia)
October 30, 2012

7. Ernst & Young GmbH (Germany)
October 30, 2012

8. HoTARAC (Australia)
October 30, 2012

9. The Japanese Institute of Certified Public Accountants (Japan)
October 30, 2012

10. Accounting Standards Board (South Africa)
October 31, 2012

11. Australasian Council of Auditors-General  (Australia)
October 31, 2012

12. CIPFA (United Kingdom)
October 31, 2012

13. Direction Générale des Finances Publiques (France)
October 31, 2012

14. European Commission (Belgium)
October 31, 2012

15. Government of Canada (Canada)
October 31, 2012

16. IDW (Germany)
October 31, 2012

17. Institute of Certified Public Accountants of Kenya (Kenya)
October 31, 2012

18. Institute of Chartered Accountants of Nigeria  (Nigeria)
October 31, 2012

19. Joint Accounting Bodies (Australia)
October 31, 2012

20. PSAB Staff (Canada)
October 31, 2012

21. Zambia Institute of Chartered Accountants  (Zambia)
October 31, 2012

22. ICAS (United Kingdom)
November 12, 2012

23. New Zealand Accounting Standards Board (New Zealand)
November 13, 2012

24. Denise Silva Ferreira Juvenal (Brazil)
November 14, 2012

25. Swiss Public Sector Financial Reporting Advisory Committee (SRS-CSPCP) (Switzerland)
November 30, 2012

26. Financial Reporting Council (United Kingdom)
December 20, 2012

Related Resources

• Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities: Elements and Recognition in Financial Statements
• Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities: Measurement of Assets and Liabilities in Financial Statements
• IPSASB Consultation Paper on 2013-2014 Work Program
• IPSASB Exposure Draft 47 - Financial Statement Discussion and Analysis
• IPSASs and Government Finance Statistics Reporting Guidelines