Exposure Drafts and Consultation Papers, Videos
Published: Oct 31, 2017
Comments due by:
Mar 31, 2018
All available Translations
Exposure Draft 63, Social Benefits
The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 63, Social Benefits.
The Exposure Draft addresses accounting for the delivery of social benefits, such as retirement, unemployment, and disability, aiming to improve consistency, transparency, and reporting by public sector entities of social benefit schemes, which account for a large portion of government expenditure in most jurisdictions.
ED 63 defines social benefits and proposes requirements for the recognition and measurement of social benefit schemes. It also proposes disclosure requirements that provide additional information for users to evaluate the effect of social benefits on future government finances.
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