This short video highlights the key presentation requirements of IPSAS 40 for amalgamations. IPSAS 40 uses the modified pooling of interests method of accounting for amalgamations. Because this approach does not require comparative figures to be restated, the presentation requirements may be different from other versions of the pooling of interests method that entities have used previously.

This video is intended to help users understand the requirements in IPSAS 40.

In 2017, the IPSAS Standards Program turned 20 years old. A range of opinion leaders from international organizations, national standard setters, the accountancy profession and members bodies highlight the benefits of IPSAS and accrual accounting more generally and how IPSAS has made a positive difference to citizens.

Check out the anniversary montage below.

This short video highlights the concepts, proposals and IPSASB preliminary views contained in the Accounting for Revenue and Non-Exchange Expenses Consultation Paper.

The deadline for commenting on the IPSASB Consultation Paper Revenue and Non-Exchange Expenses closes on 15 January 2018.

Nominating Committee encourages all stakeholders—including the public—to nominate diverse candidates with strong leadership skills to serve the public interest and contribute to the work of the independent standard-setting boards.

See the Call for Nominations for more information, including available positions and requirements. Nominate via the Nominations Database by February 15, 2018. 

IAASB Quality Control Task Force Chair, Karin French, leads a discussion on proposed changes to International Standard on Quality Control (ISQC) 1 for firms. The proposed changes will result in a restructured and enhanced standard that will change the current approach to firms' systems of quality control.

Bob Dohrer, International Auditing and Assurance Standards Board (IAASB) Member and Chair of the IAASB Data Analytics Working Group, provides an update of the IAASB’s data analytics project, including the highlights of the feedback received on the request for input issued September 2016 Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics as well as the activities performed to date and the vision for the Working Group in its way forward. Also refer to the Feedback Statement issued on the responses received from the aforementioned request for input here.

The IPSASB has created a two-part webinar on financial instruments. It was prepared and presented by Lucy Qi, the technical staff member responsible for the IPSASB’s Financial Instruments Update project.

The webinar serves as an education session in the context of the IPSASB’s current project to update its suite of IPSAS pronouncements on financial instruments, and provides an overview of the key changes introduced by IFRS 9, Financial Instruments: Recognition and Measurement, as issued by the IASB. 

Part A of the webinar covers the classification and measurement, as well as impairment of financial instruments, and Part B covers hedge accounting.

As additional resources, SlideShare versions of the presentations are included below.

Click here to view the webinar.

In this interview, IAASB Chairman Prof. Arnold Schilder and IESBA Chairman Stavros Thomadakis discuss topics of mutual relevance, including audit quality, the Code of Ethics, non-compliance with laws and regulations (NOCLAR), and professional skepticism, which is one of the three main areas under review in the IAASB’s Invitation to Comment (ITC), Enhancing Audit Quality in the Public Interest.

Learn about key developments and how the international standard setters are working together to coordinate and align key projects. 

1:41 - What are the current topics of mutual revelance? 

3:03 - How will the IAASB and IESBA continue to coordinate? 

4:29 - How does client confidentiality relate to audit quality? Where does the IESBA stand on its NOCLAR project?

7:53 - Where does the IAASB stand on its NOCLAR project?

9:07 - What do you hope to achieve as a result of the Invitation to Comment and related outreach activities? What do you hope to achieve as a result of the ITC and Roundtable?

12:01 - How does the IAASB's project to revise its standard on auditing estimates support audit quality? 

16:00 - Why is the Structure of the Code project important?

20:24 - What are the ultimate aims of the IAASB and the IESBA?

In this video, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups Megan Zietsman reviews the key elements of the Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC) and the ITC Overview.

The deadline for comment on both documents is May 16, 2016.

IPSASB Chair Ian Carruthers talks about the IPSASB and the importance of IPSAS™ for transparency and accountability in public sector financial management.

In the series' first two installments, Mr. Carruthers answers the questions "What are IPSAS?" and "Why is IPSAS implementation important?"  

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