The objective of IPSAS ED 93 is to align the definition of material between the Conceptual Framework and IPSAS Accounting Standards. IPSAS ED 93 proposes to clarify that an entity is required to consider the information needs of primary users instead of other users of general purpose financial reports when applying the concept of materiality. To achieve this, we propose to add ‘primary’ before ‘users’ to the concept of materiality, described in paragraph 3.32 in the Conceptual Framework.

The IFAC Statements of Membership Obligations (SMOs) are a cornerstone of IFAC and its members’ commitment to a strong and sustainable global accountancy profession. These requirements provide the foundational framework that supports the profession in upholding high-quality international standards and best practices. These proposed revisions focus on key areas to reflect developments in international standards and reinforce the profession’s role in serving the public interest.

Colegio de Contadores Públicos de Pichincha y del Ecuador

This proposed strategy seeks to accelerate the actions originally laid out in the 2020-2023 strategy with a focus on standard setting that supports the performance of high-quality audit and assurance engagements.

It outlines four strategic objectives:

The International Public Sector Accounting Standards Board (IPSASB) has released Exposure Draft (ED) 84, Concessionary Leases and Right-of-Use Assets In-kind (Amendments to IPSAS 43 and IPSAS 23).

ED 84 is part of phase two of the IPSASB’s Leases project. It proposes amendments to IPSAS 43, Leases on accounting for concessionary leases, as well as new guidance on right-of-use assets in-kind and consequential amendments to IPSAS 23, Revenue from Non-Exchange Transactions (Taxes and Transfers).

The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 83, Reporting Sustainability Program Information—RPGs 1 and 3: Additional Non-Authoritative Guidance.

The proposed changes to International Standard on Auditing (ISA) 500 (Revised), Audit Evidence:

These proposed narrow scope amendments to International Standard on Auditing 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 260 (Revised), Communication with Those Charged with Governance, will help operationalize recently approved changes to the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence S

This objective of this public consultation is to evaluate the demand from stakeholders for sustainability reporting guidance, as well as the degree of support for the IPSASB’s involvement in the process, the priority areas for guidance, and how this might be approached.

This Consultation Paper proposes the IPSASB: