IPSAS 51 introduces new, public sector-specific accounting guidance on accounting for natural resources with physical substance, such as land, trees, and water, often held by governments to preserve or protect them. IPSAS 51 also highlights guidance in other standards that applies to natural resources that are held for other purposes.
Lindsey Kennimer, CPA is the Senior Director of Governmental Auditing and Accounting at the AICPA where her primary responsibility it to address governmental auditing and accounting matters, including compliance audits. Lindsey oversees the AICPA's Governmental Audit Quality Center and its Executive Committee and is actively involved in the AICPA's efforts to enhance the quality of single audits and other types of governmental audits. She also directs the AICPA's governmental accounting efforts, including the activities of the AICPA State and Local Government Expert Panel, related interactions with the Governmental Accounting Standards Board, and commenting on GASB due process documents.
Prior to joining the AICPA, Lindsey was in public accounting for over 19 years and most recently was an audit partner at Snow Garrett Williams, a local public accounting firm located in Texas. Lindsey has extensive experience in financial statement audits and single audits of local governments. She also previously served as a team captain performing peer reviews of other CPA firms throughout the State of Texas through the AICPA's peer review program, and served as a subject matter expert performing enhanced oversight reviews of Government Auditing Standards/Single Audit engagements reviewed during a firm's peer review for the AICPA Oversight Task Force.
Dr. Alex Fabiane Teixeira was appointed to the International Public Sector Accounting Standards Board (IPSASB) for the 2026–2028 term, nominated by the Federal Accounting Council (CFC) and the Brazilian National Treasury. Currently.
He serves as General Coordinator for Public Sector Accounting Standards at the Brazilian National Treasury and is a Federal Auditor of Finance and Control. His leadership focuses on developing and aligning Brazilian public sector accounting standards with IPSAS, and he oversees the publication of the Brazilian Public Sector Accounting Handbook (MCASP). Dr. Teixeira also coordinates and teaches in the Accounting Sciences programme at Mackenzie Presbyterian University in Brasília.
Dr. Teixeira acts as Operational Coordinator for the Permanent Committee on Public Sector Accounting (CPCASP) at the Federal Accounting Council and chairs the Technical Chamber for Standardisation of Accounting and Fiscal Procedures at the National Treasury. Dr. Teixeira has made significant contributions to sustainability reporting in Brazil’s public sector, especially through IPSASB Exposure Draft 83. Additionally, he is a board member of several public enterprises, supporting governance and strategic decisions.
Academically, Dr. Teixeira holds a PhD and a Master’s in Public Administration from the University of Brasília, an MBA in Public Sector Budgetary and Financial Management, and bachelor’s degrees in Accounting and Business Administration. His work has been recognized nationally, including an award for scientific research in public sector accounting.
George A Scott joined the IPSASB Board in January 2026, nominated by the American Institute of Certified Public Accountants.
Mr. Scott is a retired Deloitte LLP partner who served as a national and regional public sector leader for over 39 years. During his career with Deloitte, Mr. Scott has also served as the National Audit Partner for K-12 Education Services, the National Leader for Services to Local Government and Higher Education, and US representative on the Deloitte’s Global Local Government Services Committee. He was recognized by Deloitte as a specialist in US federal and state compliance, regulatory and risk, and government financial reporting.
Mr. Scott is the former chair and Board member of the Federal Accounting Standards Advisory Board (FASAB) where he completed his 10-year term in December 2025. Mr. Scott continues to be actively involved in professional and industry organization committees serving in a variety of roles from Task Force Member to Committee Chairperson including the American Institute of CPA’s, the Governmental Accounting Standards Board, Texas Society of CPA’s, and US Government Accountability Office.
Mr. Scott graduated magna cum laude with a Bachelor of Business Administration degree from Texas Christian University. He is a licensed Certified Public Accountant in the State of Texas. He is also a Certified Government Finance Manager and a Chartered Global Management Accountant.
Dina Attia joined the International Public Sector Accounting Standards Board (IPSASB) in January 2026 as a self-nominee.
Mrs. Attia is a Director at EY Dubai and part of the MENA Financial Accounting Advisory Services practice. She has over 15 years of diverse experience advising public sector entities on complex financial management, accounting and reporting, and sustainability transformations.
She utilizes her extensive expertise to help public sector entities drive financial reform and successfully implement International Public Sector Accounting Standards and Sustainability Reporting Frameworks. Her experience spans end-to-end finance transformations, cash-to-accrual conversion, creation and verification of fixed asset registers (including complex asset classes such as infrastructure and heritage), finance and accounting policies and processes, and deployment of integrated reporting systems. As part of these transformation programs, she also leads capacity-building initiatives as a certified international trainer.
Prior to joining the IPSASB, Mrs. Attia served on the IPSAS Consultative Advisory Group (CAG) from December 2024 to December 2025. She is committed to advance global public sector reporting practices that promote transparency, accountability, and sustainable development.
She received her bachelor's degree in accounting from Faculty of commerce Cairo university and holds an MA in accounting and audit from Cairo University.
Judith Tania Apaza Marca joined the International Public Sector Accounting Standards Board (IPSASB) as a public member for a three-year term commencing in January 2026.
From 2012 to May 2025, she served in the Bolivian public sector in technical and managerial roles at the Ministry of Economy and Public Finance, the Ministry of Justice, and national digital government agencies, focusing on public accounting, fiscal reporting, budget execution, and financial management. Ms. Apaza is currently a Government of Chile scholar under the Chilean Agency for International Development Cooperation (AGCID), pursuing a Master’s degree in Political Communication and Public Affairs in Santiago, Chile.
Ms. Apaza has supported capacity-building in public financial management, digital transformation, and IPSAS/NICSP implementation. She has delivered training programs for public officials supported by the Inter-American Development Bank and the World Bank and has completed specialized training of the International Monetary Fund. She is a lecturer in Government Accounting at CENCAP and a postgraduate lecturer.
Ms. Apaza holds a Bachelor’s degree in Financial Auditing with honors from Universidad Mayor de San Andrés and a Master’s degree in Business Administration, with postgraduate studies in Political and Public Management. She has received international fellowships from the Organization of American States, the Government of Japan, and the German Embassy.
Thomas Müller-Marqués Berger became Chair of the International Public Sector Accounting Standards Board in 2026, having been the IPSASB CAG Chair from 2016 until 2023 and a Board Member from 2009 until 2014.
Thomas started his career with EY in Germany in 1993. He was a Partner and the EY Global Leader for International Public Sector Accounting until 2023. In that role, he was supporting governments, international organizations and EY teams in implementing IPSAS globally.
After his retirement from EY, Thomas mainly worked for the World Bank Group and the International Monetary Fund as an IPSAS expert. He is a member of several advisory boards, among those the World Bank PULSAR Technical Advisory Board and the European Union Advisory Group of Experts on Accounting Standards.
In the accountancy profession, Thomas was the Chair of the Public Sector Working Group at Accountancy Europe starting in 2011 until 2020, where he has been a member since 2002. In Germany, Thomas is a member of the working group for public corporations and public administration since 2002, next to several other related working groups.
The IPSASB agreed that measuring intangible assets in the scope of IPSAS 31, Intangible Assets at current operational value, is consistent with the measurement guidance in the Conceptual Framework and IPSAS 46, Measurement. In Q1 2026, the IPSASB will consider further analysis to determine the practical application of current operational value to intangible assets.
IPSAS 33 lays out how an entity that has never applied accrual IPSAS Standards can begin doing so in a consistent, credible way. Moving to accrual accounting can be technically complex and lengthy process. IPSAS 33 provides transitional reliefs (temporary exemptions and accommodations) to reduce burden and ease the transition to accrual-based IPSAS Standards.
“The successful application of IPSAS 33 is often a cornerstone of the adoption and implementation of IPSAS Standards. A government that uses IPSAS Standards is better equipped to make sound financial decisions, and we want to make the journey to implementation as easy as we can.” said IPSASB Chair Ian Carruthers. “This pronouncement does not to change the objective, scope, or available exemptions in IPSAS 33, rather, the updated version of IPSAS 33 clarifies the guidance, making it easier for entities to successfully complete their IPSAS transition journey.”
IPSAS 33 was originally issued in 2015 and has been applied by a number of public sector entities during their transition to accrual basis IPSAS Standards. In response to user feedback, the updated IPSAS 33 provides:
More user-friendly guidance to support the entity’s broader accrual transition journey;
Clearer relief provisions throughout the entire transition process; and
Reliefs that encourage earlier recognition and measurement of items, helping entities achieve IPSAS compliance as early as possible.
The newly published 2025 version of IPSAS 33 addresses these concerns while maintaining all existing reliefs that are available in the 2015 version.
About the IPSASB
The International Public Sector Accounting Standards Board (IPSASB) works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards (IPSAS Standards), IPSASB Sustainability Reporting Standards (IPSASB SRS™ Standards) and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS Standards and IPSASB SRS Standards and promotes the adoption and implementation of these to enhance the quality and consistency of practice throughout the world and strengthen the transparency and accountability of public sector finances and sustainable development. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, the government of Canada, and The World Bank. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC®). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org.
About the Public Interest Committee The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.
